NDFI Suspends Payment to Special Stock Market Fund

The National Development Fund of Iran, the sovereign wealth fund, has suspended payment to the Capital Market Stabilization Fund, the CMSF boss said. 
In a talk with the Securities and Exchange News Agency, Amir Mahdi Saba’ie said funding was stopped over a legal quarrel. 
The issue relates to preconditions set by NDFI managers who say they are willing to pay the CMSF shared of funds only after the Iranian National Tax Administration pays its debt to the NDFI.