AOM Invest, an Algerian small to medium enterprise (SME), will be part of the Algerian Stock Exchange by the end of 2017.
AOM is set to be the first SME that has a registered capital of over 112 million dinars entering the SME market of the Algerian Stock Exchange since 2012.
“The file preparation operation dates back to July 2015. Currently, the admission file, which is in the final phase, is progressing very well,” Souhil Meddah, general manager of RMG Consulting, said.
Currently, requirements are that SMEs that are coming to the stock market must have the minimum of 10 percent of their share capital and must list an adviser, known as a promoter on the stock exchange, for five years.
“The company AOM Invest, whose activities are currently limited to the west of the country, aims to become a national company,” Meddah said.
The market for SMEs is for businesses with a capital of less than 500 million dinars.
