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IFB Lists $52m Investment Company

IFB Lists $52m Investment CompanyIFB Lists $52m Investment Company

Sarcheshmeh Copper Investment Company was listed on the over-the-counter Iran Fara Bourse’s Second Market on Sunday. The 2-trillion-rial ($52.63 million) market cap investment company is a subsidiary of National Iranian Copper Industries Company. Its portfolio comprises investments in 14 companies operating in the fields of energy, construction, mining and steel, road construction, investment holding, chemicals and engineering services. The firm’s bid to be listed on IFB was accepted in May. It started trading on Sunday with a share price of 3,030 rials. The Institute for Iranian Copper Industries Pension Fund has a 56% stake in Sarcheshmeh Copper Investment Company.

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