Batteries Assad Algeria Seeks Stock Market Listing to Fuel Industrial Expansion

Batteries Assad Algeria, the Algerian subsidiary of Tunisia’s Assad Group, has formally applied to list its shares on the Algerian Stock Exchange. The application was reviewed on Monday, September 28, by the financial market’s single-window office, located at the headquarters of the Commission for the Organization and Supervision of Stock Market Operations (COSOB).

Regulatory Review and Next Steps

The recent meeting focused on the conditions to be met and the procedural steps required prior to a potential admission to the exchange. It is important to note that the application has not yet reached the final stage of the process. The COSOB must now rigorously examine the file to ensure full compliance with all regulatory requirements applicable to the operation.

The single-window office, which coordinates the listing journey for companies, brings together key market actors, including the COSOB, the Stock Exchange Management Company (SGBV), and Algérie Clearing. This collaborative framework ensures efficient coordination among all stakeholders involved in the introduction process.

Strategic Context and Financial Goals

This listing request is part of a broader industrial development strategy. In July, the Assad Group announced its intention to open the capital of its Algerian subsidiary, presenting two primary options:

1. The entry of a strategic partner.
2. An initial public offering (IPO) on the stock market.

At that time, the group targeted raising 1 billion Algerian dinars through the sale of a stake representing between 25% and 30% of the company’s capital.

Industrial Ambitions: Tripling Production Capacity

Batteries Assad Algeria manufactures and distributes vehicle batteries. Established in 2005, the company operates a factory in Bouira and is a key industrial presence for the Tunisian group in Algeria. Its product portfolio includes lead-acid batteries designed for light vehicles, heavy-duty trucks, and utility vehicles.

Looking ahead, the group plans to significantly enhance the subsidiary’s capabilities. The industrial site has a project aimed at tripling production capacity by 2027. This expansion will be supported by substantial investments dedicated to:

• Modernizing the factory infrastructure.
• Automating production lines.

A successful stock market listing would provide Batteries Assad Algeria with an additional source of financing to support this growth. It would also allow the company to bring new investors into its capital structure. For the parent company, Assad Group, the operation offers a new avenue to finance its industrial footprint in Algeria.

A Historic Step for the Assad Group

Founded in 1938, the Assad Group has been present in Algeria for several years and has been listed on the Tunis Stock Exchange since 2005. If approved, this operation would mark a significant milestone, as it would see the group’s Algerian subsidiary listed on a second financial market.

For now, the introduction remains conditional upon the successful completion of the procedures initiated with Algerian authorities. The file is currently in the hands of the Algerian financial market actors as they proceed with their regulatory review.