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 the Presidential Palace in Tunis, Ben Ali and close members of his family hastily left and headed to Laouina airport (annexed to the civil airport of Tunis Carthage). The military allowed Ben Ali's plane to take off, immediately after which the Tunisian airspace was closed. The presidential plane headed first to France. But after the plane was denied landing rights on French territory, it directly flew to Jeddah, Saudi Arabia. Ben Ali and his family were accepted by King Abdullah to live there under the condition that he should keep out of politics. Ben Ali and his family are currently