ICCIMA Arranges Meeting With SEO Manager To Discuss Capital Market Issues

TEHRAN – The Monetary and Capital Market Committee of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) held a meeting on Monday with the director of the Securities and Exchanges Organization (SEO), Majid Eshqi, to discuss current issues and challenges in capital markets.

The meeting was attended by members of the mentioned committee as well as representatives of some of the companies active in the stock market, the IRIB reported.

Lack of sufficient training for shareholders, making it easier for new companies to go public, offering bonds through the capital market instead of banks to provide fixed and working capital for production units, accelerating the formation of rating companies of credit in the stock market, and the tax exemption of undistributed corporate dividends, as well as pricing issues, were some of the most important issues highlighted by businessmen and officials present at the meeting mentioned.

Over the past two years, the government has taken constant action to support the capital market and various strategies have been put in place in this regard.

Last week, First Vice President Mohammad Mokhber announced that the government’s economic coordination headquarters had approved five new resolutions to support the stock market, and guidelines in this regard have been sent to relevant ministries.

The resolutions mentioned include reducing petrochemical feed prices, reducing interbank interest rates, restricting the sale of securities, preventing the increase in government mining wages, and increasing the exchange rate of banks. .

In addition, the head of Iran’s Capital Market Stabilization and Development Fund, Amir-Mahdi Sabaei, said the National Development Fund (NDF) has deposited new resources into the stabilization fund to support the stock market.

Sabaei previously announced the allocation of 120 trillion rials (about $430 million) of NDF resources to the Capital Markets Development and Stabilization Fund.


Photo: Majid Eshqi, SEO Manager (3rd L)

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