Algeria Stock Exchange: Listing of “Airad” as the First Technology Company in the Stock Market

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...