In a significant move to invigorate its startup ecosystem, Algeria has announced an exceptional three-year exemption from stock exchange listing fees for emerging companies. The initiative, revealed in a joint statement by the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB), the Algiers Stock Exchange Management Company, and Algeria Clearing, is set to run from 2026 to 2028.
This strategic decision is part of a broader government effort to support entrepreneurship, encourage innovation, and diversify funding avenues for startups by facilitating their access to the public financial market.
A Strategic Move to Bolster the Startup Ecosystem
The primary objective of this initiative is to enhance the appeal of the Algiers Stock Exchange for startups and provide them with a viable alternative for raising capital. By creating favorable conditions for market entry, the authorities aim to help startups meet their financing needs, specifically through the “Growth” segment of the exchange, which is tailored for this category of enterprises.
This measure is designed to integrate the stock market more deeply into the country’s startup financing landscape, offering a new pathway for growth and scale.
Detailing the Exemption Criteria
The incentive mechanism is specifically targeted at companies holding the official “startup” label. To qualify for the fee waiver, these startups must pursue financing through the “Growth” section of the stock exchange.
The exemption applies to fundraising operations with a maximum value of 500 million Algerian Dinars (DZD). This new policy will come into effect for all eligible operations conducted from February 1, 2026, through the end of 2028.
Comprehensive Fee Waiver
The waiver provides a complete exemption from several key charges associated with a public listing. This includes the visa fees on information documents typically collected by COSOB, the admission fees for the official quotation on the Algiers Stock Exchange, and the fees for custody, management, and administration of securities handled by Algeria Clearing.
By removing these financial barriers, the involved regulatory and market bodies are demonstrating a firm commitment to fostering the growth of Algerian startups and strengthening the national innovation ecosystem.
About COSOB
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) is the primary regulatory authority for the Algerian stock market. Its mission is to protect investors and ensure the transparency, efficiency, and security of the financial markets in Algeria. It oversees all stock market operations, including listings, trading, and the activities of market intermediaries.
Source: El Djazair El Djadida
