Algeria's Commission d'organisation et de surveillance des opérations de Bourse (COSOB) has adopted a new measure to facilitate access to the stock market for start-ups. The move, published on October 2, 2026, aims to support the growth of innovative companies. This decision was made in collaboration with the Ministry of Economy of Knowledge, Start-ups, and Micro-enterprises. The new regulation allows COSOB to grant exceptions to start-ups that do not meet the traditional listing requirements.
The new measure targets start-ups and scale-ups with high growth potential, particularly those recently created and unable to present two certified financial years. To be eligible, companies must have a sustainable business model, demonstrate rapid growth, and show a clear need for financing through the stock market. The COSOB will assess applications based on several criteria, including the company's maturity level, business model solidity, growth prospects, and governance quality.
The COSOB will examine each application on a case-by-case basis, taking into account factors such as the company's development plan, financial situation, and associated risks. The regulator will also ensure that the start-up meets transparency and investor protection requirements. This new measure aims to provide an alternative financing channel for start-ups and support their gradual access to the stock market.
The new regulation is part of a broader effort to promote the growth of innovative companies in Algeria. By easing listing requirements, the COSOB hopes to encourage more start-ups to access the stock market and diversify their funding sources. This move is expected to support the development and expansion of high-growth potential companies.
The COSOB's decision is seen as a positive step for Algeria's start-up ecosystem. The country's authorities have been working to create a more favorable business environment, and this measure is expected to contribute to this effort. The new regulation is also likely to attract more investors to the Algerian stock market.
The measure is expected to benefit start-ups that have been labeled as "start-up" or "scale-up" and have a proven track record of growth. These companies will have the opportunity to access the stock market and raise capital to fuel their expansion. The COSOB will continue to monitor the implementation of this measure and make adjustments as needed.
The new measure is a significant development for Algeria's financial market, and its impact will be closely watched by investors and start-ups alike. The country's authorities will need to ensure that the new regulation is effectively implemented and that it achieves its intended goals.
Key points
- Algeria's COSOB introduces new measures to facilitate start-up access to the stock market.
- The new regulation targets start-ups and scale-ups with high growth potential.
- The COSOB will assess applications on a case-by-case basis, taking into account factors such as the company's development plan and financial situation.
