As Algerian authorities look to empower an underdeveloped banking sector to drive broader economic growth, Islamic banking is among the areas that appears poised for expansion. Islamic finance is currently dominated almost entirely, by Algeria’s oldest private bank, Al Baraka Bank, a subsidiary of Bahraini Al Baraka Banking Group, with Algeria...
COMPANY OVERVIEW: SAIDAL was first created in 1982 after the restructuring of the Central Pharmacy of Algeria, when the company acquired existing factories in El Harrach, Dar El Beïda and Gué de Constantine. Later, in 1988, SAIDAL was further allocated an antibiotic complex designed by the National...
Algeria’s capital markets offer considerable potential in light of the size of the country’s economy but have historically been fairly shallow. Few corporate stocks and bonds have traded on the market since it opened in 1998, and the last initial public offering (IPO) was in 2013. Trading has been comparatively light in recent years as...
COMPANY OVERVIEW: The Entreprise de Gestion Hôtelière El Aurassi (EGH El Aurassi) is a hotel management company that includes four hotels within its current portfolio. These include the five-star Hôtel El Aurassi in Algiers and three accommodations in southern Algeria: Hôtel Rym in Beni Abbès; Hôtel...
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