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Algerian Stock Exchange to List Mobile Operator “Djezzy” by Mid-2025, Marking Milestone for the Nation’s Financial Market

Algerian Stock Exchange to List Mobile Operator "Djezzy" by Mid-2025, Marking Milestone for the Nation’s Financial Market
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BY: Dr. Hana Saada

Algiers, Algeria | January 05th, 2024 — In a landmark announcement, Youcef Bouzenada, Chairman of the Algerian Stock Exchange’s Regulatory and Monitoring Committee, confirmed that 2024 would be remembered as a historic year for the Algerian Stock Exchange. The year saw unprecedented figures, marking significant growth since its inception in 1997. Bouzenada revealed that the telecom giant “Djezzy” would be listed on the stock exchange in the first half of 2025, a move that is expected to provide a major boost to the market and attract both local and international investors.

Speaking during his appearance on the “Guest of the Morning” program on National Radio, Bouzenada highlighted that the market capitalization of the Algerian Stock Exchange reached 518 billion dinars by the end of 2024, reflecting a staggering 700% increase compared to 2023. Furthermore, the volume of trading surpassed 2.7 billion dinars, marking a 500% rise over the same period last year.

This exponential growth is seen as a testament to the increasing role of the stock exchange in fostering Algeria’s economic dynamism. Bouzenada emphasized that ongoing efforts to modernize the exchange include a comprehensive development plan aimed at enhancing its infrastructure. A new information system is set to be operational by mid-2025, which will further streamline operations and attract more listings.

Additionally, the development plan entails the introduction of new financial products in line with the recent market reforms, including the introduction of commercial bonds. The overhaul also aims to simplify the listing process for companies, offering small and medium-sized enterprises (SMEs) greater opportunities to enter the stock market. The minimum capital requirement for listing has been reduced to one billion dinars, making it more accessible for emerging businesses.

The anticipated listing of Djezzy, a leading mobile operator, on the Algerian Stock Exchange in 2025 marks a pivotal moment in the country’s financial landscape. Bouzenada highlighted that this move not only aligns with the country’s broader economic goals but also serves as a key step towards diversifying the financial market and further stimulating private investment. The inclusion of such a prominent player is expected to significantly raise the profile of the stock exchange and provide a boost to its credibility on the global stage.

 

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