CCR Algiers: share capital increase

The Compagnie Centrale de Réassurance (CCR Algiers) has proceeded to a 5 billion DZD (35.93 million USD) share capital increase. It has thus gone from 25 billion DZD (179.65 million USD) to 30 billion DZD (215.58 million USD).

The operation will allow the Algerian reinsurer to strengthen its financial base in order to boost its development on both the local and international markets.

It is worth mentioning that the company closed the financial year 2021 with an 18% turnover increase reaching 39.635 billion DZD (284.82 million USD). The net result progressed by 20.5% to stand at 5.006 billion DZD (35.97 million USD) on 31 December 2021.