On October 8, 2026, the Algerian stock exchange initiated the first formal trading of shareholding bonds, a type of Islamic financing instrument for companies. The bonds, issued by "Rolaksi" company, are aimed at professional and institutional investors. According to the Algerian News Agency, a total of 171,000 shareholding bonds were accepted, representing a 42.75% response rate out of 400,000 bonds offered.
The nominal value and issue price of each bond were set at 1,000 Algerian dinars (DZD). The bonds have a 7-year term, with the value to be repaid in one installment at the end of the seventh year. The profit-sharing period starts on January 1, 2025. Unlike stocks, which are part of a company's capital, shareholding bonds are considered debt securities that give the holder a financial right to the issuing company.
The bonds consist of a fixed part determined by the company and a variable part linked to the company's activity. Youssef Bouzenada, head of the "Kousob" committee, emphasized that this operation marks a new milestone in the development of the Algerian financial market and its role in financing institutions. He highlighted the importance of this listing, which provides a financing tool for companies that matches their investment needs and project deadlines.
Bouzenada considered this listing as the first of its kind, where shareholding bonds were offered for subscription, and described the experience as "successful and encouraging". Amal Salomon, General Manager of the Algerian Stock Exchange, reported that the number of listed institutions on the stock exchange has increased to 10 companies, 5 from the public sector and 5 from the private sector.
In addition to the shareholding bonds, three debt securities are being traded on the market. Salomon also mentioned that the stock exchange's capitalization has exceeded 685 billion DZD. The launch of shareholding bond trading is expected to enhance the role of the Algerian financial market in financing companies and provide new investment opportunities for investors.
The Algerian government has been promoting Islamic financing instruments to diversify the country's financial market and attract more investors. The introduction of shareholding bonds is part of these efforts, which aim to provide alternative financing options for companies and boost economic growth.
The successful listing of Rolaksi's shareholding bonds is seen as a positive step towards developing the Algerian financial market and encouraging more companies to explore Islamic financing options. The stock exchange is expected to continue playing a crucial role in facilitating access to finance for Algerian companies and promoting economic development in the country.
Key points
- The Algerian stock exchange has launched the first trading of shareholding bonds, a type of Islamic financing instrument, with 171,000 bonds subscribed.
- The bonds have a 7-year term, with a nominal value of 1,000 Algerian dinars and a profit-sharing period starting on January 1, 2025.
- The listing is expected to enhance the role of the Algerian financial market in financing companies and provide new investment opportunities for investors.
