AOM INVEST is an SME founded in 2016 by Mr. Hichem ATTAR. Specializing in tourism projects, it has a mix of public-private capital and was listed on the stock exchange in 2018.
Being the first SME to be listed on the Algerian stock exchange, AOM INVEST is maintaining its innovative approach in the financial market by introducing participatory securities similar to sukuk for the first time in Algeria, thus creating new investment opportunities in Islamic finance.
On June 30, 2024, AOM INVEST published a press release announcing that it has received approval from COSOB (Algerian Securities and Investments Organization), with reference 02/2024, for the issuance of participatory securities that have been endorsed as Sharia-compliant by the High Islamic Council (HCI). This issuance aims to collect 200 million DZD ($1.8 million) over a five-year period to fund the development plan of its subsidiary AOM INDUSTRY, focused on agri-food production.
These securities will provide a variable return ranging from 7% to 10%, depending on the company's performance. The offering targets professional investors as per stock market regulations and will be listed on the stock exchange for professional investors.
Related Press Release was published on the Algerian Stock Exchange official website on the 30th of June 2024.
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