TEHRAN, Iran, July 14
Total of 1.7 million Iranian citizens have sold their justice shares worth $651 million at the stock exchange, said spokesman for the liberalization of justice shares.
"About 1.8 million people have ordered to sell justice shares via online system, and of them, 1.7 million persons succeeded in selling their shares at stock exchange while the rest need to verify their documents," said Hosseign Fahimi, Trend reports citing ILNA.
"The sale of justice shares on the stock exchange reached total of $651 million, and so far, about $650 million of this figure has been paid to the citizens' accounts while the rest amount would take time to be paid," Fahimi said.
"The money from stock exchange sale will be transferred to brokerages and then to the share owner's account," he said. "Some of the shareholders have not provided the documents that need to be verified before selling share."
"Of 1.7 million individuals that sold their justice shares, information of 3,000 people were incomplete; however, banks and brokerages that received the online orders for sale are trying to contact the owners to receive correct information and pay the money," he said. "The priority is to preserve the property of justice share owners and make sure that the sale is done with the shareholder approval."
Iranian government has liberalized the justice shares so the low income people can sell them at the stock exchange.