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The CPE approves the opening of BDL's capital

Prime Minister Nadir Larbaoui chaired a meeting of the State Participation Council on Wednesday, the Prime Minister's office announced in a press release.

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Transfer of confiscated assets and opening of BDL capital

According to an official press release, a recent meeting was devoted to the legal transfer of real estate expropriated in corruption cases, following final court rulings. These assets will be transferred to State bodies and institutions.

Partial opening of BDL's capital

The Conseil des Participations de l'État (Government Shareholding Board) has also approved the opening of 30% of the Banque de Développement Local (BDL) capital to public subscriptions on the Algiers Stock Exchange.

· The aim of this measure is to:

· Improve and modernize the governance of public banks.

· Revitalize the Algerian stock market.

· Strengthen investment financing, aligned with the President of the Republic's guidelines.