2 Financial Intermediary Companies Boost Capital

The Iran Energy Exchange and Iran Mercantile Exchange, the two commodity exchanges, approved capital increase this week. 
In their annual general meetings the two took stock of the capital structure and growth patterns of their companies. Major stockholders at IRENEX decided to raise capital by 200% from the present 600 billion rials to 1.8 trillion rials, IBENA reported. 
IRENEX is a market for trading energy futures and commodities, including oil, gas, electricity, petrochemicals and oil byproducts. It was launched in 2013 as the fourth exchange and operates under the supervision and regulations of the Securities and Exchange Organization of Iran.
Authorities at IME approved a 100% capital raise from 2.5 trillion rials to 5 trillion rials. IME is a commodities exchange in Tehran founded in 2006 hosting deals in farm, industrial and petrochemicals in the spot and futures markets.
Two other pillars of Iran’s capital market -- the Tehran Stock Exchange, and the junior exchange Iran Fara Bourse -- also have announced plans to raise new capital. 
TSE reportedly seeks to boost capital by 250% to 14 trillion rials.  Likewise, IFB plans to increase capital from 2.8 trillion rials to 7 trillion rials.