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EGH EL AURASSI

Type : Titre Capital
Presentation

EGH El Aurassi, rated 5 stars, was inaugurated on 2 May 1975, under the auspices of the Ministry of Tourism and Culture. The latter provide management through the National Society of Tourism and Hospitality (SONATOUR) until 1977 , then by the Algerian Society of Tourism and Hospitality (ALTOUR) until 1979 , and finally by the Office for National Congress and conferences (NCCB) until 1983.
In that same year, and following an organizational restructuring, the hotel is set in a “socialist enterprise” and the Hotel Management Company (EGH) was created (Decree n ° 83-226 of 2 April 1983).
On 12 February 1991, the hotel changed its legal status and was converted into a Public Economic Enterprise (EPE), a joint stock company with a capital of 40 million dinars. Its name becomes “SPA EGH El Aurassi”.
In 1995, the hotel came under the aegis of Holding Public Service (HPS), becoming the sole shareholder under the Ordinance 95-25 on the management of the commercial funds of the state.
Furthermore, and in accordance with government guidelines aiming at a total disengagement of the State, through the various laws and regulations on the total or partial privatization, the company Aurassi was selected by decision of the National Council of Participation of the State in February 1998 to be listed in stock exchange market at 20 % of its share capital, to be offered for public subscription.
In June 1999, EGH EL AURASSI proceeded to open up its capital through public offering. The amount of the Offering was DZD 480 million, namely 20 % of the share capital.
On 14 February 2000: fulfilling the admission requirements prescribed by the general regulations of the stock exchange market of Algiers, the equity security of EGH EL AURASSI was introduced to official listing. (The issue price was 400 DA)
Chief Executive Officer
Abdelkader Lamri

Specifications

- Name: E.G.H El Aurassi
- Initiator: Holding Public Services
- Social Capital: 1.500.000.000 DA, representing 6.000.000 shares with a nominal value of 250 DA.
- Quantity Offered: 1.200.000 shares representing 20% of the Share Capital
-Offer Price: 400 DA
- Offer Period: from 15 June 1999 to 15 July 1999
- Accompanying Broker: El Errached Mali
- Brokers responsible for collecting orders: Errached El Mali, Sogefi, Soficop and SPDM

Web site www.el-aurassi.com
Contact

02 Bd Frantz fanon, les Tagarins, Alger
Tél.: + 213 21 74 82 52 Cellule Bourse aurassi : + 213 21 74 82 52 poste 51 98 / + 213 21 71 73 84
Fax: + 213 21 71 72 87 / 21 71 72 90