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 living in exile in Jeddah, the same city where Idi Amin, the late dictator of Uganda, lived in exile until his death in 2003, after being removed from power in 1979, at the end of the Ugandan-Tanzanian War. Other close associates and family members who attempted to leave the country via Tunis-Carthage International Airport were prevented from doing so by the army, which had seized the airport. At about 18:00, Prime Minister Mohammed Ghannouchi went on state television to say "Since the president is temporarily unable to exercise his duties, it has been decided that the prime minister will exercise