Algeria-based Société des ciments de Ain el Kebira gains listing approval

Société des ciments de Ain el Kebira cement company has received approval to be listed on the stock exchange. In all, 11 million shares will be available in the Algerian company - with 1% going to workers. The shares will be awarded according to previously disclosed segmentations. This listing will enable the firm to raise some DZD 18 billion (US$165.06 million). As a result, it will pay back a significant part of an FNI loan.