ASSAD stock targets Algerian IPO to fund battery expansion
Published on 11/11/2026 at 02:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSExpansion plans shape ASSAD outlook
- ASSAD plans to list its Algerian battery subsidiary between December 2026 and April 2027.
- The group intends to retain between 70% and 75% of the subsidiary after the transaction.
- Management expects a recovery in Tunisian commercial activity during the fourth quarter of 2026.
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.
ASSAD company profile
- Business: Lead starter batteries and battery recycling
- Markets: Tunisia, the Maghreb, Europe and other export markets
- Applications: Automotive, marine, solar energy, leisure, industrial, information technology and telecommunications
Tunisian equities and broader regional developments are covered in Current market reports.
