Algeria’s First Sovereign Cloud Operator Lists on Algiers Stock Exchange
AYRADE became the first Algerian company specialising in sovereign cloud computing to list on the Algiers Stock Exchange, raising fresh capital to expand its data centre infrastructure, strengthen cybersecurity capabilities and reinforce the country’s digital sovereignty strategy.
By Dr. Hana Saada
ALGIERS — AYRADE, Algeria’s first company specialising in sovereign cloud computing, officially debuted on the Algiers Stock Exchange on Wednesday, marking a milestone for both the country’s digital economy and its evolving capital market.
The listing positions AYRADE as the first domestic cloud infrastructure provider to access public equity financing, reflecting Algeria’s broader drive to support strategic technology industries and diversify funding sources for innovative enterprises.
Chief Executive Mohamed Lamine Belbachir said the listing process began after the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) granted regulatory approval on 15 April, followed by the official launch of the public offering on 31 May.
The company offered 1.25 million new shares at 800 Algerian dinars each, representing 20% of its share capital. The subscription period, which ran from 1 to 30 June, targeted retail investors, institutional investors and company employees as part of a capital-raising strategy to finance the firm’s next phase of growth.
According to Belbachir, approximately 68,000 investors subscribed to the offering, underscoring strong market interest in the company’s long-term development plans.
The proceeds will be used to accelerate the construction of new data centres, expand recruitment of engineering talent and strengthen AYRADE’s sovereign cybersecurity portfolio. The company also plans to broaden its presence across additional sectors of the economy while consolidating its position in Algeria’s sovereign cloud market by 2030.
Belbachir reaffirmed AYRADE’s commitment to corporate governance, transparency and regular financial disclosure, pledging to meet the reporting standards required of publicly listed companies through periodic publication of financial results and market information.
AYRADE’s admission brings the number of companies listed on the Algiers Stock Exchange to 10, marking another step in Algeria’s efforts to deepen its capital markets, encourage technology-driven enterprises to seek equity financing and advance the country’s digital transformation agenda.
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