Business And Markets

Gov’t to Offer More Justice Shares

Gov’t to Offer More Justice Shares
Gov’t to Offer More Justice Shares

The government is set to allot the so-called Justice Shares to new eligible groups and those who failed to receive the free shares when they were first given to the public.
The Minister of Labor, Cooperatives and Social Welfare Hojjat Abdolmaleki announced the plan earlier in the week that was confirmed by the Majlis Economic Commission.
Justice Shares are shares of government-owned companies given free to the six lowest income deciles 15 years ago but  were not allowed to be traded in the stock market until May 2020.
More than 49 million Iranians own the shares and estimations suggest that the value of portfolios of shareholders has grown almost ten times.
In a talk with Tasnim News Agency, Mehdi Toghiani, a member of the Majlis Economic Commission estimated that 20 million more people are eligible to receive Justice Shares.


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