Launch of Share Sales by the Local Development Bank (BDL) to Algerian Citizens through a Public Call for Savings The Local Development Bank (BDL) has announced the launch of its share sales to Algerian citizens through a public call for savings, marking a significant milestone in its strategy for modernization and support for economic growth. This initiative has been approved following the issuance of visa No. 2024/06 by the Commission for the Organization and Oversight of Stock Market Operations (COSOB) on December 31, 2024. As part of this initiative, the bank plans to increase its share capital by issuing 44,200,000 shares, equivalent to 30% of its capital. This move aims to provide effective support to the national economy by encouraging investment, promoting innovation, and creating opportunities for entrepreneurs, investors, and individuals who wish to participate in the institution’s growth. The share price has been set at 1,400 DA. The subscription period is scheduled from January 20, 2025, to February 20, 2025. Interested citizens can subscribe through BDL branches or financial intermediaries, including seven institutions: Popular Credit of Algeria (CPA), National Savings and Foresight Fund Bank (CNEP) Bank, External Bank of Algeria (BEA), Bank of Agriculture and Rural Development (BADR), National Bank of Algeria (BNA), Société Générale Algeria, Tell Markets, or online via the bank’s website: www.bdl.dz. Through this public call for savings, BDL reaffirms its commitment to an open and transparent financial structure, confident that this initiative is crucial for supporting sustainable growth and strengthening its role in the development of the Algerian economy.