At the General Assembly IFB Shareholders Back 43% Capital Increase

The Iran Fara Bourse’s shareholders on Monday endorsed a 300 billion rials capital increase at the annual extraordinary general assembly.

IFB’s annual ordinary and extraordinary general assembly took place recently with a quorum of 82% and the distribution of cash dividends of 150 rials per share was ratified.

IFB CEO explained the Iran Fara Bourse Performance Report for the year ended 21 March 2018 in the very meeting announcing that 21 firms were listed on IFB First and Second markets and SME market hosted 8 IPOs last year.

Moreover, market capitalization and overall trade value rose 40% & 29% respectively last year.