Euronext Paris et la Bourse d’Alger concluent un accord de coopération

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Algiers, Paris – 25 March 2014 – Euronext Paris and Société de la Gestion de la Bourse des Valeurs (SGBV) are pleased to announce the signature of a Memorandum of Understanding (MOU) with a view to enhancing cooperation between their markets.

Under this agreement, Euronext Paris and SGBV will work together to develop their respective stock market ecosystems and make it easier for companies, in particular SMEs, to obtain financing through the stock market.

Main initiatives aimed at encouraging companies to finance growth on markets and helping Algeria’s financial market to expand include: 1) organising events for professionals in finance, including theme-based seminars, training and information sessions in Paris and Algiers, exchange of publications and experience, coordination of joint initiatives ; 2) backing financial research and innovation on topics of common interest including sustainable, environmental and social finance, corporate governance ; and 3) promotion and international development.

Anthony Attia, Chief Executive Officer of Euronext Paris, said, “We are very pleased to enter into this agreement with SGBV, which will enable us to build on our expertise and  work with the Algiers Stock Exchange to promote financial markets to companies seeking capital. We look forward to taking part in the Algiers Stock Exchange’s global ambitions via our know-how in financial services.”

Yazid Benmouhoub, CEO of SGBV, added,  “The closer ties between our two markets that will result from the signature of this agreement — an historic one for the Algiers Stock Exchange — cannot help but move us closer to achieving the goals we have set. We welcome this new alliance between Euronext Paris and the Algiers Exchange, which is right in line with our efforts to develop financial markets in Algeria.”

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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