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Opening of CPA Capital: A New Financial Era for Algeria

Algeria is about to undertake a major step in the financial sector with the opening of the capital of Crรฉdit Populaire d’Algรฉrie (CPA), one of the most important public banks in the country. This historic decision was announced by the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) and is arousing great interest both within the country and abroad.

The CPA, a Pillar of the Algerian Banking Sector

Crรฉdit populaire d’Algรฉrie (CPA) is a financial institution founded in 1966. Over the decades, it has become one of the pillars of the banking sector in Algeria, playing a key role in financing the national economy. As a public bank, it has been at the heart of numerous initiatives aimed at supporting the country’s economic development.

However, over time, the need for modernization and opening of the financial sector in Algeria has become increasingly evident. The opening of the capital of the CPA is a crucial step in this direction and marks a turning point in the financial history of the country.

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Capital Opening: The Crucial Details

COSOB announced that the opening of the CPA’s capital will begin on January 30 with the sale of 22 million shares in the first phase. The price per share was set at 2,300 DA. This first phase of the opening of the capital will last until February 28, during which the CPA will carry out a public sale offer (OPV) of the shares.

It is important to note that the number of shares that can be put up for sale initially is 22 million, but this quantity could be increased to a maximum of 60 million shares if investor demand exceeds the number of shares available. This limit of 30% of the share capital shows the strong demand and the enthusiasm generated by this initiative.

The share capital of the CPA is made up of 200,000,000 shares, each having a par value of 1000 DA. This opening of capital therefore represents a significant change in the structure of the company.

A Step Towards Financial Modernization

The opening of the CPA’s capital is a major step towards the modernization of the Algerian financial sector. It will attract domestic and foreign investors, increase transparency and governance in the banking sector, and stimulate competition. This initiative is also part of the Algerian government’s strategy aimed at diversifying the national economy and encouraging investment.

The Importance of COSOB Supervision

COSOB, as the regulatory and supervisory body for stock market operations in Algeria, plays an essential role in the success of this opening of capital. The body has already approved the information notice regarding the public offer to sell CPA shares, demonstrating its commitment to transparency and regulation.

A historic turning point

The opening of the CPA’s capital is a historic event that will redefine the financial landscape in Algeria. It offers opportunities for growth, investment, and modernization. However, it must be managed carefully to ensure long-term success and stability. The Algerian financial world is at a turning point in its history, and the entire country has its eyes turned toward this crucial development.

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