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النهار أونلاين
Algiers Stock Exchange Issues 137.4B DZD Ijara Sukuk
The Algerian Stock Exchange announced the listing of the sovereign sukuk "Ijarah" issued by the Treasury, valued at 137.4 billion DZD, within its official pricing, out of a total issuance of 296.6 billion DZD. Subscriptions amounting to 159.2 billion DZD were made physically, at an annual rent rate of 6%. This is the first of its kind in Algeria, aimed at financing major public projects such as infrastructure and services, with the goal of supporting economic and social development, modernizing the national financial system, and diversifying sources of funding in accordance with international standards.
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