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December 8, 2022 | 1 year ago
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Speaking on national
radio on Wednesday morning, the CEO of Algiers Stock Exchange noted that
"the management of Algiers Stock
Exchange has initiated the activation of several new financing mechanisms, namely
investment funds and the opening of the market to start-ups, especially with
the public authorities' willpower to create a base between small institutions
and their big counterparts".
He added that "since
the creation of the Stock Market in 1997, this mechanism has become a different
financial tool and aspires to position itself as an open market for companies
and investors". Benmouhoub recalled that “the objective remains to make Algiers
Stock Exchange a digital stock exchange by activating a new information system
that guarantees the sale of bonds directly via mobile phones and computers”.
The speaker expressed the
willingness of his departments to train market operators and create an
ecosystem for the stock market, praising the government’s achievements in
approving tax reforms for the stock market by exempting profits from tax.
He stressed in this
context that “the stock market belongs to banks, companies and the general
public, and is complementary to conventional financing”.
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