Maghreb Leasing Algeria: A New DZD 400B Loan on the Stock Exchange to Finance SMEs

The Algiers Stock Exchange listed a new loan issued by Maghreb Leasing Algeria (MLA) worth DZD 400 billion, primarily intended to finance small and medium-sized enterprises (SMEs).

The interest rate on this bond is estimated at 5.65%, with a maturity of five years (November 23, 2030), according to explanations provided during the bond’s listing ceremony on Tuesday in the professional investors’ section of the stock exchange. Representatives from the stock exchange management company, the Stock Exchange Operations and Control Commission (COSOB), the Algerian Clearing Company (Algerie Clearing), and brokers were present.

The CEO of the MLA, El Amine Senoussi, highlighted the importance of the new bond issuance in “strengthening the position of Maghreb Leasing as a key player in financing small and medium-sized enterprises (SMEs) and professionals.” He added that this listing “reflects the company’s commitment to diversifying its funding sources and sustainably supporting SMEs and those undertaking projects with economic impact.”

This listing also aligns with the national strategy aimed at promoting financial inclusion, developing the business environment, and diversifying funding sources, according to Senoussi. He affirmed that the company will work in the coming period to strengthen support mechanisms for SMEs, launch new financial services, including factoring, and expand its network nationwide.

The company also intends to continue “actively participating in the financial market,” while preparing for a future listing on the Algiers Stock Exchange, the spokesperson added.

According to the same official, Maghreb Leasing Algeria, which operates through 14 branches across the country, has supported more than 7,200 small and medium-sized enterprises (SMEs) and professionals, and financed over 35,000 pieces of equipment and supplies, valued at more than DZD 170 billion Algerian, since its launch in 2006.

For her part, Amel Selmoune, Director General of the Stock Exchange Management Company, considered this listing a new step in the development of financing tools and the strengthening of the financial market’s role as a pillar of the national economy. She confirmed the importance of bonds as an effective alternative that alleviates pressure on traditional banking intermediation, allowing investors to contribute to economic development by investing their savings in safe and profitable financial instruments.

She added that the bond market has the potential to inject new impetus into growth, opening up promising opportunities for public and private institutions to finance their projects.

For his part, the head of the COSOB committee, Youcef Bouznada, explained that granting the license for this bond issuance coincided with the reforms introduced to the stock exchange’s general regulations, which included the creation of new sections adapted to the requirements of various types of companies, from large to small and medium-sized enterprises.

Bouznada revealed the anticipated listing of three private companies on the Algiers Stock Exchange during the first quarter of 2026. He added that work is underway to finalise the necessary studies, following the completion of the files through the single office of the financial market and the conclusion of the evaluation phase.