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Iran Fara Bourse Announces Most, Least Transparent Firms

Iran Fara Bourse Announces Most, Least Transparent FirmsIran Fara Bourse Announces Most, Least Transparent Firms

Etela Alborz Investment Company was named Iran Fara Bourse’s most transparent company in the previous fiscal year (March 2017-18) by the Securities and Exchange Organization.

Out of the 87 companies reviewed, Etela scored 100 in both timely reporting and information reliability.

The firm was also the year before last’s frontrunner. Iranian Investment Incorporation came next, followed by Goharan Omid Investment Company, Bahman Leasing Company and Pasargad Insurance.

IFB’s least transparent companies expectedly included banks and credit institutions.

Bank Day was at the bottom of the chart with minus 20 points in timely reporting and zero in terms of reliability.

Bottom up, Bank Sarmayeh and Tourism Bank were the next in line, followed by Melal Credit Institution and Kosar Financial and Credit Institution.

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Financialtribune.com