TEHRAN, Iran, Dec.13
Trend:
The final session for acceptance of offering shares of Social Security Investment Company (Shasta) will be held on Dec. 14, Trend reports citing ILNA.
After months of reviewing Shasta's initial request for offering shares via stock Exchange and holding several preliminary meetings with senior executives at the Tehran Stock Exchange, the final meeting for acceptance of Shasta at the stock exchange will be held on Saturday.
He added that after the acceptance, "We will enter the operational stages of stock market offering soon," Shasta CEO Mohammad Rezvanifar said.
The investment arm of Social Security Organization, also known by its Persian acronym Shasta, controls nine holdings operating in a wide range of sectors including petroleum, petrochemicals, pharmaceuticals, cement, transportation and finance.
These holdings manage about 200 subsidiaries and have control assets worth 350 trillion rials ($9.02 billion).
Subsidiaries of two holdings, namely Tamin Pharmaceutical Investment Company and Tamin Petroleum & Petrochemical Investment Company are already listed on the equity market.