Princesse El-Materi Holdings Princesse El-Materi Holdings Princesse El Materi Holding was a company created by the Tunisian businessman Sakher El Materi, the son-in-law of Zine El Abidine Ben Ali, who was President of Tunisia until 2011. Princesse El Materi Holdings used nepotism and improper money to acquire illegitimate businesses. Under Ben Ali's rule, the company become one of the largest conglomerates in Tunisia. It actively held companies in six different industry sectors, including News and Media, Banking and Financial Services, Automotive, Shipping and Cruises, Real Estate and Agriculture. On November 22, 2010, the group also diversified into the Telecommunication industry. Princesse El Materi
Zine El Abidine Ben Ali month of protests against his rule, he was forced to flee to Saudi Arabia along with his wife Leïla Ben Ali and their three children. The interim Tunisian government asked for Interpol to issue an international arrest warrant, charging him for money laundering and drugs trafficking. A Tunisian court sentenced Ben Ali and his wife "in absentia" to 35 years in prison on 20 June 2011 on charges of theft and unlawful possession of cash and jewellery. In June 2012, a Tunisian court sentenced him "in absentia" to life imprisonment for inciting violence and murder and another life sentence by