Algiers stock exchange signs MoU with NYSE Euronext Paris

The Algiers Stock Exchange is working with Euronext Paris to boost the market through cooperation. The two signed a Memorandum of Understanding (MoU) that they will work together to develop the market systems and make it easier for enterprises, especially small and medium enterprises (SMEs), to raise capital through the securities exchange.
Euronext (www.euronext.com), a wholly owned subsidiary of Intercontinental Exchange Group (ICE), announced the MoU with Algiers Société de la Gestion de la Bourse des Valeurs (www.sgbv.dz) on 25 March. It will focus on initiatives including:
• organize events for professionals in finance, including theme-based seminars, training and information sessions in Paris and Algiers, exchange of publications and experience, coordination of joint initiatives
• back financial research and innovation on topics of common interest including sustainable, environmental and social finance, corporate governance
• promotion and international development.
Anthony Attia, CEO of Euronext Paris, said in a press release that the agreement with SGBV “.. will enable us to build on our expertise and work with the Algiers Stock Exchange to promote financial markets to companies seeking capital.”
Yazid Benmouhoub, CEO of SGBV, welcomed “…this new alliance between Euronext Paris and the Algiers Exchange, which is right in line with our efforts to develop financial markets in Algeria.”
SGBV is a stock company organized under Algerian legislative decree 93-10 of 23 May 1993. Its equity is 100% owned by certified brokers (IOB – currently state-owned banks) and it is supervised by Commission d’Organisation et de Surveillance des Opérations de Bourse (COSOB).
Euronext is a main eurozone exchange, with over 1,300 issuers worth €2.6 trillion in market capitalization. It operates regulated markets in: equities, exchange-traded funds, warrants and certificates, bonds, derivatives, commodities and indices. Regulated markets include, Alternext and the Free Market as well as EnterNext, which facilitates SME access to capital markets. It also provides technology and managed services to third parties.
ICE is a leading network of regulated exchanges – its portfolio includes the New York Stock Exchange (NYSE), ICE Futures, Liffe and Euronext – and clearing houses for financial and commodity markets. It delivers transparent, reliable and accessible data, technology and risk management services to markets around the world.

2 Responses to “Algiers stock exchange signs MoU with NYSE Euronext Paris”


  1. Andreas

    I signed to your rss; I’ll be looking forward to read a whole lot more
    material along these lines.

  2. Jugar Dragon City

    I have been paying attention to your web log for quite a while,
    but up until now I decided to type at the very least a howdy there.