Algerian Radio
The Public Economic Enterprise "CRAPC Expertise," an economic subsidiary of the Center for Scientific and Technical Research in Physico-Chemical Analysis (CRAPC), was listed on the Algiers Stock Exchange on Tuesday, becoming the first subsidiary of a national research center to enter the financial market.
The listing ceremony for this company, which belongs to the Higher Education and Scientific Research sector, was held under the supervision of the Minister of Finance, Abdelkrim Bouzred, and the Minister of Higher Education and Scientific Research, Kamel Baddari. The event was attended by the General Manager of the Algiers Stock Exchange Management Company (SGBV), Ms. Amal Selmoune; the President of the Commission for the Organization and Monitoring of Stock Exchange Operations (COSOB), Youcef Bouznada; and the President of the National Economic, Social, and Environmental Council (CNESE), Mohamed Boukhari.
The subscription process recorded a demand for 40,776 shares against the 39,000 shares offered on the market, representing an excess of 1,766 shares. The amount proposed by subscribers reached 65.24 million DZD, compared to the 62.4 million DZD sought, an excess of over 2.8 million DZD.
Subscription to CRAPC Expertise shares was reserved exclusively for subsidiaries of scientific and technological establishments, as well as scientific, cultural, and professional institutions, universities, research centers, schools, and their economic subsidiaries.
Established in 2013, CRAPC Expertise specializes in physical and chemical analysis, expertise, technical support, and applied training, as well as the marketing of chemical products and the maintenance of scientific equipment.
Through its stock market listing, the company aims to strengthen its position in the market for chemical products intended for industrial operations, while working in the medium term to establish a local production unit to help reduce dependence on imports.
In a speech delivered on this occasion, Mr. Baddari stated that the success of the subscription process illustrates the "great confidence" economic players have in products derived from Algerian scientific research. He emphasized that this operation confirms the transition of universities and research centers from a purely academic mission toward new roles focused on wealth creation and active participation in the national economic cycle.
The Minister added that "this listing constitutes real added value for the national economy and fulfills the directives of the President of the Republic aimed at strengthening the economic role of the university and promoting innovation."
For her part, Ms. Selmoune indicated that the introduction of "CRAPC Expertise" demonstrates that the Algerian financial market is now a space open to innovative companies and an incubator for projects based on knowledge and scientific research.
The General Manager also highlighted the new development phase the Algiers Stock Exchange is undergoing, marked by the diversification of financial instruments, the expansion of the list of quoted companies, and the attraction of new categories of economic operators, including startups, innovative firms, and companies emerging from scientific research centers.
For his part, the Director of the Center for Scientific and Technical Research in Physico-Chemical Analysis, Mr. Bechari Khaldoun, welcomed the listing of the center's economic arm on the Algiers Stock Exchange, describing it as a "first" and a "national achievement" for the Higher Education and Scientific Research sector.
He noted that this event reflects a strategic vision adopted by the State, based on valuing scientific research results and strengthening the links between knowledge and the national economy.
It should be noted that the listing of "CRAPC Expertise" brings the number of companies listed on the Algiers Stock Exchange's equity market to nine: Alliance Assurances, Biopharm, EHG El Aurassi, Saidal, Crédit Populaire d'Algérie (CPA), Banque de Développement Local (BDL), the SME "AOM Invest" (specialized in financial investments), the startup "Moustachir," and CRAPC Expertise.
