Iran Stock Exchange ready to transfer share to foreign sides

TEHRAN (ISNA)- A high-ranking Iranian business official highlighted considerable efficiency and output of Iran’s Stock Exchange and said the organization is ready to transfer shares to foreign countries.

“Since its establishment in 1989, Iran’s Stock Exchange has been one of the best and influential ones in the region,” said Tehran Stock Exchange (TSE) CEO Hassan Qalibaf.

He further added that Iran’s Stock Exchange value hit 172 billion dollars and it has been growing over last 5 years. The share’s efficiency totaled 131 percent last years, standing first in the world.

The senior business official said that Iran’s Stock Exchange is made of different organizations including petrochemistry, refineries, mines and banks.

Qalibaf continued that Iran’s Stock Exchange is providing special conditions and discounts for foreign companies willing to cooperate, including tax discount.

“In case foreign sides aim to purchase share in strategic form, buying 100 percent share of a company, there would be no limitation to join the Iranian market. However, they need to keep the capital in the capital market for two years.”

By ISNA

 

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