plus de 194 mds DA levés en une année
Summary of Recent Developments in the Algerian Stock Market
The Algerian Stock Exchange has raised over 194 billion dinars (DA) for six companies from January 2024 until the upcoming listing of the Local Development Bank (BDL) in January 2025. This information was shared by Youcef Bouzenada, president of the Commission for the Organization and Supervision of Stock Exchange Operations (Cosob), during an information day focused on unconventional financing for the economy.
The funds were collected through the issuance of stocks and bonds for various entities, including the Credit Populaire d’Algérie (CPA), the BDL, the startup "Moustachir," Maghreb Leasing Algeria (MLA), Tosyali Algeria, and the Arab Leasing Corporation (ALC). Furthermore, private equity initiatives have financed 167 small and medium-sized enterprises (PMEs) at a total of 7.4 billion DA as of June 30, 2024. Bouzenada highlighted that five accredited firms currently operate in this field, with an estimated financing capacity of 20 billion DA and additional funds of 58 billion DA managed by regions to support startups and innovative businesses.
Looking ahead, Bouzenada announced the imminent introduction of regulatory frameworks to facilitate the creation of collective investment funds in private equity, which is expected to broaden financing prospects for development projects.
Brahim Mihoubi, the Cosob’s Secretary General, noted that the diversification of financing methods has resulted in a significant increase in the number of investors, surging from tens of thousands in 2023 to over 100,000 currently. Mihoubi also mentioned anticipation for regulatory publication on sovereign sukuk (Islamic bonds), expected in the 2025 finance law, which is anticipated to inject new momentum into the sector.
Chakib Smail Kouidri, Director General of the Algerian Chamber of Commerce and Industry (CACI), emphasized the importance of promoting unconventional financing, recognizing its initial success due to new funding models. The CACI views the financial market as an alternative avenue for business financing and aims to support initiatives that foster investment and encourage the creation of PMEs while addressing the concerns of business operators with authorities.
Additionally, the capitalization of the Algerian Stock Exchange has seen a remarkable rise of 40.07% in the first quarter of 2025, marking it as the fastest-growing in the Arab world, according to the Arab Monetary Fund (AMF). The information day organized by Cosob, in collaboration with CACI, served as a platform to present alternative financing mechanisms to business operators, coupled with direct exchanges between these stakeholders and Cosob representatives.
In conclusion, Algeria is witnessing significant advancements in its financial sector, with increased capital raising activities and proposed regulations aimed at enhancing financing options. With the rise in investor numbers and initiatives to promote unconventional financing, the landscape appears promising for future economic growth and infrastructure development.
