Mehdi Ghazanfari, the head of the National Development Fund of Iran (NDFI), provided a comprehensive report on the fund's performance at a meeting of board attended by President Ebrahim Raisi.
“The fund recovered some $3.3 billion of its debt in cash and assets worth over $112 million…Talks are also underway with Bank Mellat, Bank Sepah and the Bank of Industry and Mine to acquire shares of their subsidiary companies,” he was quoted as saying by the NDFI website.
June 26, 2023 19:29
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NDFI Collects $3.3B in Outstanding Debt
The fund's future investment portfolio will include 65% for oil, gas, and petrochemicals, 25% for mining and minerals and 10% for other sectors, namely power plants, water for industries, biotech, healthcare, food, financial markets, export-based industry
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