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Iran .. The government offers to sell its shares in 3 banks and two companies soon
Baghdad / .. Iranian Minister of Economy and Finance Farhad Dagbasand announced that the government will put up for sale soon the rest of its shares in 3 banks and two companies for guarantee. Dagpsand said in a statement during a meeting with experts in the investment market, that the rest of the government’s shares in 3 banks and two insurance companies, amounting to 165 trillion riyals (one dollar equivalent to 42,000 riyals officially), will be offered for sale within the framework of an investment fund that can be treated in the Stock Exchange (ETF) entitled “Brokerage”. First Financial. " He added, that the subscription process for selling the units of this fund will start on Saturday of next week and will continue for a period of two weeks. He explained that consideration has been taken to reduce the unit buyer for this fund by 20 percent, of which 15 percent is in cash and 5 percent will remain with the fund to manage the unit market.
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