Tunisian firm seeks Algerian IPO
Assad Batteries Algeria, a Tunisian company established in 2005 and specializing in the manufacturing and distribution of automotive batteries and other industries, is heading towards an initial public offering (IPO) on the Algiers Stock Exchange to open its capital and finance the expansion of its production. The goal is to increase its capacity from 400,000 to one million batteries annually. This step comes as part of a plan to develop the company and strengthen its industrial presence in Algeria, with investments in new production lines and a recycling plant. The listing is expected to support the growth of the stock market in Algeria, which experienced a rise in trading volume and share value of over 80% in the last quarter of 2025, along with a 5.4% increase in the market capitalization of the stock exchange.
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