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[size=36]Iraq is close to offering a new securities platform[/size]
Economie| 07:28 - 09/22/2022
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Baghdad - Mawazine News
The Chairman of the Securities Commission in Iraq, Hassan Al-Ugaili, announced the imminent launch of a new platform for securities in the country, expressing his hope that it would be launched at the end of 2022.
He indicated in statements to "CNBC Arabia" that the platform It bears the name "OTC", which is an abbreviation of "Over The Counter", and will be dedicated to trading shares of companies not listed on the Iraq Stock Exchange.
He explained that the percentage change in the "OTC" platform for each session was determined by 5%, up and down, from the previous closing price for trading the shares of unlisted companies.
Hassan Al-Akaili added that the new platform will provide the best buying and selling offers for unlisted companies, whether they are joint stock or limited.
The Chairman of the Securities Commission in Iraq, Hassan Al-Ugaili, announced the imminent launch of a new platform for securities in the country, expressing his hope that it would be launched at the end of 2022.
He indicated in statements to "CNBC Arabia" that the platform It bears the name "OTC", which is an abbreviation of "Over The Counter", and will be dedicated to trading shares of companies not listed on the Iraq Stock Exchange.
He explained that the percentage change in the "OTC" platform for each session was determined by 5%, up and down, from the previous closing price for trading the shares of unlisted companies.
Hassan Al-Akaili added that the new platform will provide the best buying and selling offers for unlisted companies, whether they are joint stock or limited.
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