Introduction NCA Rouiba the Algiers Stock Exchange: an unprecedented operation


NCA Rouiba has obtained the approval of the organizing committee and monitoring of market transactions (COSOB) for his introduction to the Algiers Stock Exchange.

New canning Algerian (NCA Rouiba) passes and capital investment at the opening of capital through the Algiers Stock Exchange. This is an interesting case in many respects. Two birds with one stone, NCA Rouiba just break the taboo family firms deemed highly allergic to any opening and shakes, the same tradition to see – so far – the Algiers Stock Exchange shunned by private investors . The transaction of sale of shares will be launched in March. The number of shares subject to the NCA Rouiba offering is 2,122,988 shares, ordinary type, representing 25% of the capital of which consist of 8,491,950 shares. The bid amount is 849.195 million dinars.

The nominal value of the share is 100 AD, when its sale price was set at 400 AD. Employees have however a reduced price set at 380 AD. Much of this rate (25%) corresponds to the shares held by the investment fund in the capital of NCA Rouiba. The company, which annually produces 80 million liters of soft drinks, set the aperture to facilitate the future capital increase “if it proves necessary” as well as access to finance by means of Exchange.

The company focuses its priorities post-IPO on its development and growth in the local market, waiting to fulfill other ambitions on the regional market as well as internationally. NCA Rouiba displays for a few years of strong performance, achieving a 23% growth in 2012 and a turnover of 60 million euros, or 6 billion dinars in the same period. New releases and canning Algerian its best results on the eve of its IPO. Perspectives portend a good momentum for the next two or three years.

The owner of the company, Slim Othmani, expects growth of 15% for the next two or three years. Earnings also shows up. Net profit after tax of around 4%.To excite more subscribers to future actions that will be sold by NEC Rouiba.The company offers its employees a quota of 85,000 shares, while natural and legal persons are entitled to a quota of 2,037,988 shares. NCA Rouiba will continue on the path to profits, while investing more in improving its profitability, quality and cost optimization.

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