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November 26, 2024 | 1 month ago

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COSOB: first start-up listed on the stock exchange

The COSOB has announced the sale of shares in the start-up Moustachir SPA from December 1 to 31, 2024. 125,000 shares representing 25% of the company's capital, for a4,437,500 DA, will be put on the market. The share price is 760 dinars.

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The Commission for the Organization and Supervision of Stock Market Operations (COSOB) has announced the sale of shares in Moustachir SPA, a start-up company.

"COSOB has approved the notification of the increase in the capital of Moustachir SPA by public subscription," said COSOB in a statement published on Monday, November 25.

These shares "will be listed in the growth segment of the stock market".

"The share capital of Moustachir SPA consists of 500,000 shares with a nominal value of DA 40 each. The issue consists of 125,000 new shares, representing 25% of the company's capital, for a total of DA 94,437,500, with a subscription price set at DA 760 per share," the same source said.

In the same vein, COSOB specifies that the operation is "aimed at Algerian nationals resident in Algeria, employees and consultants of Moustachir SPA, as well as Algerian legal entities (public and private companies)" and that "the subscription period is scheduled from 1 December to 31 December 2024".

Concerning this new company, the Commission recalls that "Moustachir Spa is a service company specialising in consultancy, with an online consultancy platform that brings together experts in various fields with companies and individuals seeking customised advice and solutions".

Furthermore, "in addition to its e-consulting platform, Moustachir SPA offers other services such as (Idarati, Moustachir Com, assistance in the creation of foreign companies, Moustachir Academy, coworking space, profitability solution and open innovation)".

In addition, "Moustachir SPA has been the holder of the startup label issued by the Ministry of the Knowledge Economy, startups and Microenterprises since 2022".

November 27, 2024 | algeria-logo

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