Iran reveals more new offerings at its stock exchange

Finance Materials 11 September 2020 09:20
Iran reveals more new offerings at its stock exchange

TEHRAN, Iran, Sept.11


Iran's Ministry of Road and Urban Development has a plan to offer shares of 15 projects at the stock exchange, said the Minister of Economic Affairs Farhad Dejpasand.

"Several experts and representatives of the Ministry of Road and Urban Development are currently finalizing the proper models to offer shares of 15 road construction projects at the stock exchange," said Dejpasand,Trend reports citing ILNA.

Previous reports said Iran's government is to offer shares of Tehran-Mashad railway electrification project on the stock market to finance the construction. Reportedly, other railway projects also included Shiraz-Busheher, Zahedan – Mashad and Isfahan – Ahvaz.

Dejpasand has also indicated the importance of proper rules on the stock exchange to attract individual investors.

"The structures in the capital market have not completely formed so there is concern over individuals participating and seeking to invest in the market," he said.

"There should be options for those who invest in the market, there should be certain culture in this field that any fluctuation would not trouble investors. The capital market is an inevitable part of the economy" he added.

"The culture of investment in the capital market has not been shaped well," he said.

"Financing of the economy is either based on budget that used to rely on oil sale or on public resources that is taxes, meanwhile capital market is also important in this regard, since it's logical, and the market has longevity," he said.