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Tunisia: MAC SA expands into Algeria with regulatory approval for new brokerage firm

MAC SA, a leading stockbroker in Tunisia, has announced securing approval from Algeria's Financial Market Authority (COSOB) to establish a brokerage firm in Algeria. This strategic milestone aligns with MAC SA's regional expansion vision, reinforcing its North African footprint after entering Sub-Saharan Africa through its subsidiary MAC AFRICAN SGI, headquartered in Abidjan. The new entity, named International MAC Conseil, will provide a full suite of brokerage services, financial advisory, and support for companies listed on the Algiers Stock Exchange. Leveraging MAC SA's proven expertise and international best practices, the firm aims to bolster Algeria's capital markets. By expanding into Algeria, MAC SA reaffirms its commitment to advancing Africa's financial markets, fostering South-South synergies, and enhancing access to financing for local economic players.