(Ecofin Agency) - Aïn El Kebira cement company in Sétif, a subsidiary of Ciments d’Algérie group will go public in 2016, CEO Laid Khaber announced on 10^th September. “The Ain El Kebira cement factory IPO is scheduled for 2016”, he declared to the press, adding that this operation open 35% of its capital to institutional investors (banks, financial institutions and insurance companies), as well as companies and individuals.

The information note on this operation will be, according to Mr. Khaber, filed prior to end 2015 with the Operation Monitoring Commission of the Stock Market (COSOB – Commission de Surveillance des Operations de la Bourse), the regulatory organ of the Algiers Stock Market.

To recall, the Conseil des Participations de l’Etat Algérien (CPE – a council in charge of managing the shareholdings of the Algerian state in companies) had given its approval to the IPO of 10 public companies, including 6 cement factory by end 2013.

Currently, only 2 public companies (Hotel group El Aurassi and pharmaceutical group Saidal) and 2 other private companies (insurer Alliance Assurances and agribusiness NCA Rouiba) are listed on the Algiers Stock Exchange.