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Iran Fara Bourse Raises Capital

Iran Fara Bourse Raises CapitalIran Fara Bourse Raises Capital

Iran Fara Bourse is increasing its capital by 75% to 700 billion rials ($19.7 million at market exchange rate).

The over-the-counter market is raising 300 billion rials, only 20 billion of which will be financed from the exchange’s retained earnings, Securities and Exchange News Agency reported.

IFB operates as a self-regulatory organization governing the activities of its brokers and members. The market is home to $26.5 billion securities, including stocks, bonds and exchange-traded-funds.

Financialtribune.com