- Date. 02/12/25
- Author. Rym Loucif
- Category. Articles
The legal framework governing the transfer of shares in Algerian companies operating in a strategic sector is now complete. Executive Decree No. 25-304 of 23 November 2025 (“Decree 25-304”) sets out the detailed modalities for obtaining the prior authorization required under Article 52 of the Finance Law for 2020.
Key points:
• Publication of Decree No. 25-304, which sets out the detailed modalities for obtaining the prior authorization required for transfers of companies operating in a strategic sector.
• Scope of application limited to transfers involving:(i) a company operating in a strategic sector as defined by the 2020 Supplementary Finance Law and its subsequent amendments; and (ii) a foreign purchaser (foreign natural or legal person, or an Algerian company whose share capital is majority-owned by foreign persons).
• Authorization procedure consisting of: (i) the filing of an application by the target company; (ii) a mandatory interministerial consultation within 30 days; and (iii) a decision issued by the competent ministry within a maximum period of 60 days.
• Authorization issued in accordance with the model annexed to Decree 25-304; in the event of refusal, the applicant is notified in writing.
• Mandatory rejection of the application where there are indications of situations likely to affect public order, public security, public health or the economic interests of the country, or where the purchaser is involved in acts of corruption or in financial or economic criminality.
For more details, read the full version of the newsletter: HERE