Algiers Stock Exchange signed a cooperation agreement with Euronext Paris
Algiers Stock Exchange and Euronext Paris announced on 25 March the signature of a Memorandum of Understanding (MOU) with a view to enhancing cooperation between their markets.Algiers Stock Exchange and Euronext Paris announced on 25 March the signature of
a Memorandum of Understanding (MOU) with a view to enhancing cooperation between their markets.
Euronext Paris and SGBV will work together to develop their respective stock market ecosystems and make it easier for companies, in particular small and medium-sized enterprises (SMEs), to obtain financing through the stock market.
Anthony Attia, Chief Executive Officer of Euronext Paris, said in a statement: “We are very pleased to enter into this agreement with SGBV, which will enable us to build on our expertise and
work with the Algiers Stock Exchange to promote financial markets to companies seeking capital."
Main initiatives aimed at encouraging companies to finance growth on markets and helping Algeria’s financial market to expand include exchanging knowledge, coordinating joint initiatives, research and financial innovation on topics of common interest and promoting international development.
Financial markets are an alternative to traditional bank financing for SMEs. More and more stock exchanges in Africa have implemented or plan to implement a compartment dedicated to this type of business, with relaxed conditions of entry and with an appropriate level of transparency.
Companies that enter the stock market may benefit
from a more optimised financing, a better awareness, the consolidation of their assets and resource mobilisation.