Youcef Bouzenada, Chairman of the Algerian Stock Exchange’s Regulatory and Monitoring Committee, announced that 2024 would be a historic year for the exchange, marking unparalleled growth since its inception in 1997. Bouzenada revealed that telecom giant Djezzy is set to be listed on the stock exchange in the first half of 2025, a move expected to significantly enhance the market and attract both local and international investors.
During his appearance on the “Guest of the Morning” program on National Radio, Bouzenada revealed that the market capitalization of the Algerian Stock Exchange reached 518 billion dinars by the end of 2024, reflecting an astounding 700% increase from 2023. Additionally, the trading volume surpassed 2.7 billion dinars, marking a 500% rise compared to the previous year.
This rapid growth highlights the growing importance of the Algerian Stock Exchange in boosting the country’s economic dynamism. Bouzenada stressed that modernization efforts are ongoing, with a comprehensive development plan in place aimed at improving the exchange’s infrastructure. A new information system is expected to be operational by mid-2025, which will streamline operations and attract more listings.
The development plan also includes the introduction of new financial products in line with recent market reforms, such as commercial bonds. Moreover, the overhaul will simplify the listing process for companies, particularly benefiting small and medium-sized enterprises (SMEs). The minimum capital requirement for listing has been reduced to one billion dinars, making it more accessible to emerging businesses.
The anticipated listing of Djezzy, a leading mobile operator, on the Algerian Stock Exchange in 2025 is considered a milestone in the country’s financial landscape. Bouzenada emphasized that this listing not only aligns with Algeria’s broader economic objectives but also serves as a crucial step toward diversifying the financial market and stimulating private investment. The inclusion of such a prominent player is expected to boost the stock exchange’s profile and enhance its credibility globally.
