Algerian Radio
The Commission for the Organization and Surveillance of Stock Exchange Operations (COSOB) announced this Wednesday in a statement that it has granted accreditation to the National Agency for Valorization of Research Results and Technological Development as a sponsor for operations on the Algiers Stock Exchange.
This accreditation authorizes the public agency to assist companies seeking stock exchange listing, particularly within the Growth Compartment dedicated to small and medium-sized enterprises (SMEs) and startups. According to the source, the agency intervenes in the preparatory phase by helping structure the listing project and preparing the admission file and information prospectus. It also continues to assist the company for five years post-listing, ensuring adherence to financial disclosure obligations and continued compliance with market rules.
In this regard, COSOB considered the accreditation of this public industrial and commercial establishment a "significant step in strengthening bridges between scientific research, innovation, and the financial market, as it will contribute to expanding financing opportunities for innovative startups," according to the statement.
With this measure, the agency becomes the fifth sponsor accredited by COSOB, joining RMGC Consulting, Grant Thornton Algeria, Finabi Conseil, and Invest Market.
It is worth noting that the National Agency for Valorization of Research Results and Technological Development was established in 1998. Its primary missions include valorizing scientific research results, transferring technology to the national economic fabric, and assisting innovative projects and startups, in addition to strengthening ties between research actors and economic institutions.
The statement recalled that the Growth Compartment of the Algiers Stock Exchange was established under the 2023 financial market reform through Regulation No. 23-04. Through this regulation, COSOB simplified listing conditions, adapting them to the specifics of this category of enterprises, primarily requiring the raising of a minimum amount of ten (10) million Algerian Dinars to allow the company's admission for listing.
