The Initial Public Offering of BDL: A Successful Operation
The Local Development Bank (BDL) had launched a Public Offering of Savings (APE) as part of its capital opening initiative. This operation involved the issuance of 44,200,000 shares for subscription, each with a nominal value of 1,000 DA. The issue price of the shares was set at 1,400 DA, with a discount of 146.39 DA on a share value of 1,546.39 DA.
The proceeds from this capital increase amounted to a total of 61,880,000,000.00 DA, including 44,200,000,000.00 DA allocated to the capital increase and an issuance premium of 17,680,000,000.00 DA.
The issued shares, which were nominative and dematerialized, were distributed as follows:
Segment A : Reserved for Algerian resident individuals, representing 79,20% of the shares offered for sale, or 35 007 156 shares. The minimum purchase threshold was set at 10 shares, making the investment accessible to a broad public.
Segment B : Intended for professional, institutional, and qualified investors, covering 3,57% of the shares, or 1 577 680 shares. The minimum purchase threshold was set at 1,000 shares, targeting strategic investors committed to long-term investment.
Segment C : Dedicated to Algerian legal entities, also accounting for 17,23% of the shares, or 7 615 164 shares. The minimum purchase threshold was set at 500 shares, allowing local companies to actively participate in the bank’s development.
The funds raised were used to strengthen BDL’s equity, support its development, increase its financing capacity for new ambitious projects, and consolidate its financial position. This initiative contributed to reinforcing BDL’s key role in supporting the national economy.
This operation was part of a strategic vision aimed at modernizing the bank, expanding its reach, and better meeting the expectations of its clients and partners. Thanks to the commitment of investors, this capital opening was a resounding success.
Contact
- 3312 or +213 21 99 48 00
- info@bdl.dz
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Placement syndicate
BDL shares had been made accessible through a network of renowned banks and specialized institutions. These partners had supported investors throughout the process, simplifying each step of the share acquisition.
Thanks to this arrangement, many subscribers were able to find the nearest agency and seize this exceptional investment opportunity.
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IOB
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Nombre d'agences
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Localisation
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CPA
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167 branches
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BNA
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227 branches
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BADR
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340 branches
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BEA
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101 branches
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CNEP
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226 branches
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SGA
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104 branches
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INVEST MARKET
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2 branches
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TELL MARKETS
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1 branche
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Frequently Asked Questions
- The bank's asset valuation
- Financial performance
- Growth prospects
- Market demand
- General economic conditions
This valuation was conducted with the support of the CETIC expert firm and validated by the Stock Exchange Operations Organization and Supervision Commission (COSOB).
Voting rights at general meetings
Right to access information on the bank’s management
Preferential subscription rights in case of a capital increase
Dividend rights, subject to the general assembly’s decision
BDL agencies across the national territory
Banks and institutions that were part of the placement syndicate for this operation
Stock market intermediaries (IOB) such as Invest Market and Tell Markets
Additionally, BDL had invested in expanding its digital services to enhance customer experience and support Algeria’s transition to digital banking.
The purchase had to be made by a legal representative (parent or guardian).
Shares were registered under the minor’s name, but their management was ensured by the legal representative until adulthood.
This process allowed investment in the minor’s future while benefiting from the advantages of BDL’s capital opening.