GICA’s Ain El Kebira to launch on stock exchange

GICA’s Ain El Kebira to launch on stock exchange
Published: 16 September 2015


Groupe Industrial des Ciments d’Algérie (GICA) plans to place 35 per cent of the capital of Ain El Kebira cement plant on the Algerian stock exchange in 2016, according to its CEO, Laid Khaber.

The stake will be made available to institutional investors such as banks, financial and insurance companies. However, he emphasised that the cement company’s entry to the bourse does not mean it will be privatised.