Skip Navigation Links
  Skip Navigation Links  
 
Code: 49842 Visited: 180 Publish Date: Jun 18 2018 - 3:11
https://goo.gl/NhMZvK
IFB
Iran Fara Bourse Allowed to Increase Capital
Tehran, June. 18 (SENA) - The Securities and Exchange Organization has given the go-ahead to Iran Fara Bourse to increase its capital by 300 billion rials ($7.14 million), according to an official SEO statement released on Wednesday.

Tehran, June. 18 (SENA) - The Securities and Exchange Organization has given the go-ahead to Iran Fara Bourse to increase its capital by 300 billion rials ($7.14 million), according to an official SEO statement released on Wednesday.

With the fresh money, IFB’s total capitalization will reach 1 trillion rials ($23.8 million). The stock exchange will issue 300 million of new shares each priced at 1,000 rials.

The capital increase will primarily be funded through IFB’s retained earnings amounting to 160 billion rials ($3.8 million) and the rest will come through other sources. A document published by IFB on www.codal.ir points to financial restructuring as the reason behind the capital increase with “reaching minimum capital required for exchanges” as the main aim. Iran Fara Bourse, Iran’s second-largest equity market, is listed on its base market as “FRBP”.

 

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
©2017 All rights reserved.
Powered by IT Department of SEO.
 
©(1389-1394) تمام حقوق این سایت متعلق به سازمان بورس می باشد
نقل مطالب بدون ذکر منبع پیگرد قانونی دارد