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
History of Tunisia Monetary Fund (IMF) forced the government to raise the price of bread and semolina, causing severe hardship and protest riots. In this situation, the Islamic Tendency Movement (MTI) under Cheikh Rached el-Ghannouchi provided popular leadership. Civil disturbances, including those by the Islamists, were repressed by government security forces under General Zine El Abidine Ben Ali. The government persisted in following its program; Ben Ali was named prime minister. The 84-year-old President Bourguiba was overthrown and replaced by Ben Ali his Prime Minister on November 7, 1987. The new President changed very little in the Bourguibist political support system, except to