The company “Airad”, active in information technology, software engineering, and digital services development, was listed today, Wednesday, on the Algeria Stock Exchange, becoming the first company from the technology sector to join the stock market, after demand for its shares exceeded the available quantity by 38.4%. The listing ceremony was attended by the General Director of the Securities Exchange Management Company (Algeria Stock Exchange), Amal Salmon, and the Chairman of the Committee for Organizing and Monitoring Stock Exchange Operations, Youssef Bouzenada. The company offered 1,250,000 shares for subscription, representing 20% of its capital, with a total value of 1,383,994,400 dinars, while the number of requested shares reached 1,729,993 shares, with a coverage ratio of 138.4%. The subscription process included...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
The Algerian Water Company launched a national campaign to update its customer data, titled 'Know Your Customer' (KYC), this Sunday morning, July 19, from the state of Mostaganem, according to a statement from the company. The central director of customers and communication at the company's general management, Salah Eddine Chrit, stated, as reported by Algerian television, that this operation, which includes all states of the country, aims to update subscriber data to create an accurate and comprehensive database, allowing for improved service quality and digitization of various processes related to customer relations.
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