Central Securities Depository of Iran Welcomes New Members of the Board of Directors

Central Securities Depository of Iran Posted

Central Securities Depository of Iran convened an Extraordinary General Meeting to elect new Board members on Monday, May 31, 2021 at 14:00 at CSDI headquarters in Tehran.

In this meeting, which was held with the presence of 93.7% of shareholders, Melli Bank of Iran and the Tehran Stock Exchange were elected as new “legal” members of the Board of Directors.

According to CSDI Articles of Association, the Securities and Exchange Organization (SEO) is to appoint three of the five members of the Board of Directors and the election on Monday was for the two remaining seats.

At the meeting, Melli Bank of Iran has retained the position, but Tehran Stock Exchange (TSE) replaced the Iran Energy Exchange (IRENEX).

Tejarat Bank and Khobregan Saham brokerage firm were elected as the alternate members of the Board of Directors.

The other three CSDI Board members appointed by the Securities and Exchange Organization are the representatives of the SEO itself, “Tehran Securities Exchange Technology Management” and “Securities Information Dissemination & Services” companies.