• Moustashir, a digital advisory platform, is the first emerging company to list on the Algerian Stock Exchange.
• The Algerian Stock Exchange is set for growth in 2025 with the anticipated listing of several small and emerging companies, following the successful IPO of Crédit Populaire d’Algerie earlier in 2023.
• At least three more IPOs, including one from the pharmaceutical sector, are expected in 2025, signaling a shift toward a more diverse and dynamic Algerian financial market.

Moustashir, a digital advisory services platform, is making headlines as the first emerging company to be listed on the Algerian Stock Exchange.

This marks a pivotal moment in Algeria’s financial sector, as Moustashir looks to raise USD 702,400 (94 million Algerian dinars) through its share offering.

The company’s General Manager, Khair Eddine Boulfaa, told Ashraq business website that the funds will be directed towards local expansion and entry into regional markets, including Saudi Arabia, the UAE, and Oman.

The company has made 125,000 shares available at approximately $5 each, showcasing its ambitious plans for growth and market penetration.

Growth on the Algerian Stock Exchange

The listing of Moustashir is part of a broader effort by the Algerian Stock Exchange to attract emerging companies and stimulate market activity.

According to Yazid Ben Mouhoub, Director General of the Algerian Stock Exchange, 2025 is expected to be a significant year, with several small and emerging companies set to debut on the market. This wave of new listings reflects the stock exchange’s strategy to modernize and increase its relevance in Algeria’s financial ecosystem.

Record-Breaking IPOs and a Promising Future

Earlier in 2023, the Algerian Stock Exchange experienced its largest initial public offering (IPO) in three decades with the state-owned Crédit Populaire d’Algerie (CPA) bank.

This historic listing, the fifth in the exchange’s history, underscored the growing potential of the local stock market. Additionally, Algeria launched its first public fund for emerging companies, further indicating the country’s commitment to fostering entrepreneurial growth.

As 2025 approaches, the exchange is set to welcome at least three more IPOs, including one from the pharmaceutical sector. These developments signal a bright future for Algeria’s stock market, with Mustashir leading the way in setting new precedents for emerging companies.