The National Development Fund of Iran has received the go-ahead to broaden its investment scope, the sovereign wealth fund’s board of directors announced.
In a meeting attended by President Ebrahim Raisi, the board approved the proposals put forward by Mehdi Ghazanfari, the managing director of NDFI.
According to a press release posted on its website, NDFI is henceforth allowed to invest in domestic and foreign financial markets.
June 05, 2022 13:39
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NDFI Allowed to Expand Scope of Investment in Financial Markets
For the first time in its history, NDFI has been allowed to invest in various sectors, including money and financial markets in and outside the country to augment its return on investment
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