The Algeria Market Authority said Chairman Youcef Bouzenada met Nadjib Haddad, the new director-general of central securities depository Algeria Clearing, to discuss the depository’s role in supporting the development and efficiency of Algeria’s financial market. The meeting focused on stronger coordination among market participants and continued modernization of the depository’s operating mechanisms in line with international standards and best practices. The discussions emphasized further digitization and automation of operations, alongside systems development, to improve the transparency and efficiency of securities custody and settlement. These priorities support the authority’s broader work with Algeria Clearing and other market institutions to develop the domestic financial market.
2026-09-06Algeria Market Authority (COSOB)
Algeria Market Authority discusses digitization and modernization of Algeria Clearing
The Algeria Market Authority discussed the modernization of Algeria Clearing with the central securities depository’s new director-general, Nadjib Haddad. Priorities included stronger market coordination, further digitization and automation, and more transparent and efficient custody and settlement operations.