TEHRAN- Simultaneously with the first appearance of the new Minister of Finance and Economic Affairs at the meeting of the Supreme Stock Exchange Council, it was approved that henceforth, the shares offered by the government on the stock exchange will be marketed by the Market Development Fund , said the head of the Iranian Securities and Exchange Organization (SEO).

“Today, at the meeting of the Supreme Stock Exchange Council, which was held in the presence of the new Minister of Finance and Economic Affairs, it was approved that under this resolution, the shares offered by the government in the first public offering mechanism will be negotiated by the Market Development Fund, ”Mohammad-Ali Dehqan Dehnavi said Tuesday, the Securities and Exchange News Agency (SENA) reported.

Previously, these bids did not have a market maker, but at this meeting, it was approved to allocate a quota of the government’s initial public bids to the Market Development Fund, and the fund committed to assume the marketing obligations of the government’s initial public offering. shares for a year, the manager explained.

Today’s meeting was the first meeting to be held in the presence of the new Minister of Finance and Economic Affairs, during which the board members were introduced and their concerns about the capital market were expressed, was t -he adds.

MOM