The Alternative Market is reserved for limited companies (Sociétés Anonymes) seeking admission of their shares to trading by way of a private placement to Qualified Investors, without a public offering of securities. The placement may be effected either through a primary issuance (capital increase) or a secondary sale (transfer of existing shares).

  • For a primary issuance, the minimum transaction size is one million dinars;
  • For a secondary sale carried out by investment vehicles (e.g., SICARs, FCPRs, etc.), no minimum amount applies..
The Alternative Market Guide

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Stock Exchange Markets

Main Market

Open to limited companies that satisfy criteria relating to public access, size, performance, liquidity, transparency, and good governance.

Bond market

Reserved for the trading of debt securities