Iran Fara Bourse Co. has opened a new securities market for trading large blocks of stock with MAPNA Group becoming the first company to join it.
In a ceremony on October 7, 2023, the new market which pursues negotiated securities transaction and block trading officially opened in Tehran.
The market was inaugurated after a successful transaction of securities related to MAPNA Employees’ Investment Company.
Addressing the event, MAPNA President Mohammad Owliya said this was a “good opportunity” for trading stocks. The new market, he continued, has made it possible for the conglomerate to continue offering the securities of its subsidiaries in the stock market.
“MAPNA Group seeks to offer investment opportunities to people through providing them with Initial Public Offerings (IPO) of its subsidiaries and projects,” he added.
Unlike ordinary stock markets in Iran, this market will have no limitation on the daily price range of securities.
Iran Fara Bourse, one of the four Iranian exchanges platforms, operates under the supervision of the Securities and Exchange Organization (SEO), a member of IOSCO. IFB was established on November 12, 2008, to be a gate for the majority of companies to enter the capital market and enhance their corporate governance and their businesses by providing easier listing requirements.
