In remarks at the first public trading session of Banque de Développement Local, the Algeria Market Authority highlighted the bank’s official listing as part of a sharp expansion in the Algiers Stock Exchange. COSOB President Youcef Bouzenada said the exchange’s bell has rung three times in one year and market capitalization has risen 1100%, from DZD 67 billion to DZD 733 billion. He said the next priority is to sustain that momentum and make exchange-based financing more attractive, particularly for private sector companies. On the regulatory side, Bouzenada said COSOB is working to improve the market framework after publishing a new general stock exchange regulation. He said publication is still expected for a regulation on venture capital investment funds and a new rule on information to be disclosed by listed companies, with the stated aim of strengthening transparency and investor protection. COSOB is also using the financial market one-stop shop to identify promising companies and guide them toward financing through the stock exchange and the wider capital market.
Algeria Market Authority (COSOB)2025-03-13
Algeria Market Authority marks BDL listing and outlines further market rules as capitalization reaches DZD 733 billion
At the first trading session of Banque de Développement Local, the Algeria Market Authority said the Algiers Stock Exchange has recorded three listings in a year and its capitalization has risen 1100% to DZD 733 billion. COSOB also pointed to ongoing rule changes, including a new general exchange regulation already published and expected rules on venture capital investment funds and listed-company disclosures.