Algeria News & Events, Latest News for Algeria

Update: Tuesday, 6 January 2009    

Air Algerie bonds enters the Stock market today

After the approval of the stock Exchange Operations Control and Management Committee
Monday Feb 12 2007.

The Stock Exchange Management Company announced the Air Algerie company‘s bonds inclusion in the price setting in the Algerian Stock Market starting from today, after having answered all the necessary conditions in the bond loan that the national company deposited in November 2004.

A statement of the Stock Market Management Company indicated that the Committee has given the green light to include the Air Algerie bonds that she had deposited in November 2004 through a public announcement of savings, which value come over 14 billion dinars and this is through her meeting which was held at the end of last January.

In the same statement reported by the Algerian News Agency, APS, it is stated that the public Airlines Company loan bond met all the specifications stated by the public law to get into the Stock Market as the total sum of the loan comes over the required sum which is 100million dinars.

The Algerian Airlines Company had resorted in 2004 to different loaning operations to collect the money destinated to renew a part of her air fleet and finance her investment plan.

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