May 07, 2023 12:58

TSE Says to Launch First Project-Based Company

Minimum capital needed to set up a project company is five trillion rials ($20 million) and owners must first secure half the capital before offering shares in the bourse

Tehran Stock Exchange is set to list the first project-based company, an official said.
"The TSE has been focusing on project-based companies to strengthen the primary market and attract investment. The first project-based company will be listed within two weeks," Mohammad-Amin Gharmani, TSE deputy for publishers and members of the exchange, was quoted as saying by the news agency SENA.
Gharmani said the TSE is negotiating with publishers seeking funds for their projects.

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Tehran Stock Exchange