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
Ali Abdullah Saleh vicinity at the time. In early 2011, following the Tunisian revolution which resulted in the overthrow of the long-time Tunisian president, Zine El Abidine Ben Ali, opposition parties attempted to do the same in Yemen. Opposition elements started leading protests and demanding that Saleh end his three-decade-long rule because of the perceived lack of democratic reform, widespread corruption and human rights abuses carried out by him and his allies. His net worth was estimated to be between 32 and 64 billion dollars with his money spread across multiple accounts in Europe and abroad. On 2 February 2011, facing a major