Algeria: AOM Invest Spa approved to be listed on Algiers Stock Exchange
Friday, 09 November 2018 17:28
AOM Invest Spa, an Algerian company specialized in research, development, and exploitation of tourism projects, received the approval of the Algerian financial market regulator for its listing on Algiers Stock Exchange.
The regulator will organize the operation, namely, list AOM Invest Spa’s stocks on the SMEs market of this exchange. Once completed, AOM would be the first ever company to be listed on the SMEs section of Algiers Stock Exchange.
The shares to be listed, representing more than 10% of AOM Invest Spa’s social capital, were invested in a private placement to three institutional investors for DZD297 each.
It should be noted that the social capital of this SME mainly in the development of thermal tourism is DZD115.9 million (DZD 1,000 being $8.4).
Chamberline Moko
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