The development and deepening of the market of Islamic securities, the establishment of new investment funds, the development of supervisory processes, the improvement of the supervision of issuers through the development of systems, etc. are among the programs that the Iran Exchange will try to realize in the coming year.
Mohammad Ali Shirazi, the CEO of the Iran Fara Bourse, said in a conversation with the Iran Capital Market (Sena) news site on the occasion of the new year: “Nowruz” is a long-lasting ritual of prosperity, a valuable heritage of our cultural ancestors and a national celebration of Iranians.
Each year’s delivery is a time of change and transformation and it gives a person a message of thoughtfulness and thinking, of getting rid of oneself and joining God, and a message of reviving.
In describing the plans for the new year, he said: In the past year, Iran’s foreign exchange, as one of the key pillars of the capital market, continued its role in financing and equipping resources for economic enterprises and industries, the knowledge-based sector, the government and investors, and with ceaseless efforts and with God’s help, financial and investment tools unveiled a new one to cover all types of investment tastes.
Shirazi added: Hosting the stock offering of 17 new companies in the first and second markets, the entry of the first startup into the capital market, the unveiling of the first loan bonds of Al-Hasna, the underwriting of the first real estate fund, the development of the derivative market through the launch of various options contracts on ETFs of the stock type, bonds with Fixed income and equal-weighted index funds, financing the private sector through various Islamic financial bonds, the entry of bold new investment funds and various types of investment funds, including stocks, bonds with fixed income, supporting the countrymen affected by the Khoi earthquake by issuing charity certificates, etc. It was one of the role players of Iran’s stock exchange in the country’s capital market in 1401.
The CEO of Iran Fara bourse stated: In the meantime, it should be noted that in recent years, the global economy has undergone huge changes, the emergence of technology-oriented companies that focus on knowledge and innovation instead of physical capital. The widespread entry of these companies into the stock market of developed countries and the monitoring of their stock prices and market values indicate the need to take a serious look at the development of the country’s capital market through the acceptance of innovative companies.
Shirazi added: In this regard, we step into the year 1402 when, in order to facilitate the entry of knowledge-based companies into the capital market, with the coordination of the Securities and Exchange Organization, a directive was formulated so that after approval by the Board of Directors of the Stock Exchange Organization, a market for these companies would be designed and implemented. It will be on the agenda in the new year.
At present, the acceptance of knowledge-based companies in the first and second OTC markets is a priority, and the knowledge-based nature of the company is considered an advantage in the acceptance process.
he added: Organization of the base market through the acceptance of transparent companies that have the possibility to enter the main markets and the transfer of other symbols to the agreed market are among the other programs that the Iran Fara Bourse Company will undertake for the year 1402.
Referring to other programs of this company, Shirazi said: This pillar of the capital market also tries to put the necessary measures to operationalize the development projects. These projects include the development of the agreement market, the amendment of the criteria for the acceptance of small and medium-sized companies, the development of the financing of project companies, changes in the mechanism of the intellectual property market, the restart of the third market, the creation of market infrastructures for knowledge-based companies, the formulation and approval of the model for calculating the corporate governance score of publishers and other cases like this.
he added: Meanwhile, the development and deepening of the Islamic securities market, the establishment of new investment funds, the development of supervisory processes, and the improvement of the supervision of issuers through the development of systems are also among the other plans that the Iran OEx Exchange Company will try to realize in the coming year.