First REIT Makes Debut  

Iran Fara Bourse (IFB) on Tuesday officially introduced the first real estate investment trust (REIT) to help the struggling housing sector.
According to Aref Aligholipour, the head of IFB financial institutions, the underwriting process of some units of the fund started on Tuesday and will run for ten days.
“The Civil Pension Fund Capital Value Management Group Company will offer 30 million investment units each worth 10,000 rials…the fund has a five-year operational license which can be extended by the Securities and Exchange Organization,” Aligholipour was quoted as saying by the IFB website.