Jam Petrochem Shares for Borsa Istanbul
Economy, Business And Markets

Jam Petrochem Shares for Borsa Istanbul

A 15% stake in Jam Petrochemical Company worth over $400 million is set to be offered on Turkey's Borsa Istanbul (BIST), announced the deputy head of Civil Pension Fund Investment Company on Wednesday.
This is the first time an Iranian company is being listed on BIST. According to Mahmoud Shahshahanipour, the sale's preliminary procedures have been carried out and the company's financial statements await the approval of global auditing firms to finalize the offering.
Jam Petrochemical Company, valued at about $2.6 billion, is the world's fourth largest producer of olefin. It is among Tehran Stock Exchange's top 10 large-cap firms. BIST is Turkey's sole exchange entity, combining the former Istanbul Stock Exchange, Istanbul Gold Exchange and the Derivatives Exchange of Turkey.

Short URL : http://goo.gl/ZuobWG
  1. http://goo.gl/YDeu6z
  • http://goo.gl/92YHwP
  • http://goo.gl/VcbYPu
  • http://goo.gl/D4vcBI
  • http://goo.gl/cUYX8i

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...