CNMA raises its capital

Magazine Issue:

Atlas Magazine, 20 years of publication [3]

Magazine date:

Apr 2023

CNMA The Caisse Nationale de Mutualité Agricole (CNMA) has increased its share capital. The latter went from 5.5 billion DZD (40.4 million USD) to 8 billion DZD (58.8 million USD).

This 45% share capital increase is consistent with the development prospects and the objectives set by the company's 2020-2024 strategic plan.

This operation will allow CNMA to consolidate its position in the top 5 Algerian insurance companies [4], to strengthen its capital base and to meet its obligations towards its clients.

Mon, 10/04/2023 - 13:40

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-200-april-2023
[4] https://www.atlas-mag.net/en/article/algerian-insurance-market-ranking-of-insurers-in-2019