ASSAD stock targets Algerian IPO to fund battery expansion

ASSAD plans to list its Algerian battery subsidiary between December 2026 and April 2027, according to African Manager. The proposal was presented at the group's ordinary general meeting on October 30, 2026, as part of a plan to finance industrial expansion and strengthen ASSAD's regional presence.

Algerian listing targets expansion

The planned listing concerns Batterie ASSAD Algérie, which is wholly owned by ASSAD subsidiary ATA. The transaction carries a pre-money valuation of 92.4 million Tunisian dinars. ASSAD intends to keep between 70% and 75% of BAA after the offering.

BAA plans to use the proceeds to accelerate industrial development at its Bouira site. The expansion programme includes lifting annual production capacity above one million batteries by 2031, alongside a recycling facility and a battery-plate manufacturing unit.

Tunisian recovery remains central

Management expects Tunisian commercial activity to recover significantly in the fourth quarter of 2026, helped by a catch-up effect. The final quarter typically represents nearly 40% of the group's annual revenue, according to the report.

ASSAD also plans to introduce a liquidity contract for its shares. The stated objectives are to improve trading conditions and bring the stock market valuation closer to the group's underlying fundamentals. The planned Algerian transaction is intended to support expansion into sub-Saharan African markets while preserving majority control.

Battery production anchors the business

ASSAD designs, manufactures, distributes and recycles lead starter batteries, according to the company's company profile. Its products serve automotive, marine, solar-energy, leisure, industrial, information-technology and telecommunications applications. The Tunisian group also exports through its international operations to markets in the Maghreb, Europe and other regions.

Tunisian equities and broader regional developments are covered in Current market reports.