Algeria’s mobile operator Mobilis has been given the green light to list on the country’s stock exchange alongside seven other firms as the government steps up its efforts to ease restrictions that hamper the bourse’s growth.
Local paper El…
Algeria’s mobile operator Mobilis has been given the green light to list on the country’s stock exchange alongside seven other firms as the government steps up its efforts to ease restrictions that hamper the bourse’s growth.
Local paper El Moudjahid quoted Algerian capital markets authority boss Abelhakim Berrah describing the decision as “a strong signal from the government to boost the economy”, according to Reuters.
In addition to the telecoms firm, other companies earmarked for a listing include a bank, an insurer, a subsidiary of developer Cosider and several cement and water companies.
