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BDL

Type : Titre Capital
Presentation

The Local Development Bank (BDL), established by Decree No. 85/85 dated April 30, 1985, is a reputable banking institution with recognized expertise in financing small and medium-sized enterprises (SMEs). Its extensive network of branches across the national territory ensures strong market presence.

As part of its development strategy, BDL is increasing its share capital by 30% through a public offering at a fixed price, issuing 44,200,000 shares at a unit price of 1,400.00 Algerian dinars. This stock market listing marks a pivotal milestone for BDL and aligns with the modernization of Algeria’s financial system, as initiated by public authorities.

In March 2025: Having met the listing requirements set by the General Regulations of the Algiers Stock Exchange, BDL’s equity security was officially listed via a fixed-price offering on March 13, 2025. The initial listing price was 1,400 DA.
Specifications

Type of Securities: Common Shares

Shares Offered: 44,200,000 shares

Total Value of the Offering: 61,880 million Algerian dinars

Increase Rate: 30%

Share price  : 1,400  per share

Subscription Period From January 20 to February 20, 2025 inclusive, until 3:30 p.m. (local time).

 

Legal Form of the Securities The shares are registered, fully dematerialized, recorded in securities accounts opened in the name of shareholders with licensed Account-Keeping Custodians (TCC), and admitted to operations with Algérie Clearing.

Date of Entitlement January 1, 2024

Lead Manager / Placement Syndicate BDL, CPA, BADR, BNA  CNEP-Banque, BEA, SGA, Invest Market, and Tell Markets.
Web site www.bdl.dz
Contact

05, Rue GACI Amar, Staouéli, Alger

Tel. : 021 99 48 00