Plusieurs entreprises privées manifestent leur intérêt d’accéder à la Bourse d’Alger
Overview of Algerian Stock Market Developments
Interest in the Algerian Stock Exchange
Recent interest from private companies in the Algerian stock market has indicated a growing recognition of the financial dynamism present in the region. Yazid Benmouhoub, the General Director of the Algerian Stock Exchange Management Company (SGBV), highlighted this trend during his recent participation in a forum hosted by the daily newspaper El-Moudjahid. Various economic operators are eager to tap into the financing mechanisms offered by the Algerian Stock Exchange to enhance their competitiveness and facilitate entry into international markets.
Growth of Listed Companies and Investors
Benmouhoub noted a encouraging increase in companies listed on the exchange, rising from five to eight within the last two years. This development is complemented by a burgeoning investor base, with around 70,000 shareholders—comprising both individuals and corporate entities—now involved in the market. The SGBV has proactively organized informational meetings to enlighten potential companies about the substantial benefits of becoming publicly traded. Key advantages include enhanced corporate image, diversification of financing sources, and improved opportunities for expansion and exportation.
New Listings on the Horizon
Several companies have expressed interest in going public, including Ayrade, which specializes in web and digital services, and Pharma Invest, operating in the pharmaceutical sector. These companies aim to leverage the stock exchange’s resources for growth and development.
Ambitious Future Goals
Benmouhoub also discussed ambitious goals for the stock exchange, predicting that it could evolve into one of the most active markets in North Africa and the Middle East by 2030. The forecast includes potentially increasing the number of listed companies to 20 and achieving a market capitalization of 15 billion USD.
Financial Instruments and Sector Diversification
Emphasizing the importance of financial instruments, Benmouhoub mentioned the role of investment funds and the anticipated introduction of sukuk (Islamic bonds) in promoting market development. There’s an increasing interest in "green" bonds aimed at attracting companies engaged in renewable energy sectors, thereby diversifying the investment landscape.
Legislative Support and Digitalization
An upcoming project law concerning the financial market is under preparation, overseen by the Ministry of Finance. This legislation is expected to bolster the international standing of the Algerian Stock Exchange. It will also allow insurance companies to function as financial intermediaries and promote digitalization in financial transactions—an essential step in modernizing the market infrastructure.
Market Performance
The performance of the Algerian Stock Exchange has been notable, recording a 40.07% increase in market capitalization during the first quarter of 2025. This positions it as one of the most dynamic exchanges in the Arab world, according to data from the Arab Monetary Fund.
Conclusion
The Algerian Stock Exchange is on a positive trajectory, driven by increasing interest from private firms and supportive legislative frameworks. With the potential to significantly grow both its number of listed companies and overall market capitalization, the future looks promising for the financial sector in Algeria. The focus on diversifying financial instruments, alongside a commitment to digital transformation, underscores the market’s ambition to enhance its global competitiveness.
