Evening introduces new financial station
The Algerian Stock Exchange has launched its first official trading of "RolaXi" joint stock bonds, a Sharia-compliant financing instrument targeted at institutions and professional investors. The total value of this offering amounted to 171,000 bonds, with an acceptance rate of 42.75% of the submitted bid. The operation focuses on issuing bonds with a 7-year maturity period, with the full principal payable at the end of the term. This development aims to strengthen the financial market and enhance its role in financing businesses. This listing marks a historic milestone, intended to support company growth and increase market flexibility to face economic challenges.
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