At the Annual General Meeting (AGM) was held on 16 May 2011 in Tehran, the shareholders of Tehran Stock Exchange approved a dividend distribution of IRR 200 per share for 1389 (Iranian Calendar), to be paid from retained earnings. Shareholders also ratified amendments of article of association in extraordinary general meeting that was held before the AGM. This amendment paves the way for listing Tehran Stock Exchange in exchange. The Annual financial statements for 1389 were approved at the AGM and shareholders discharged the members of the Board of Directors and the Executive Board for 1389. In total, the dividend distribution will amount to IRR 51 billion, corresponding to approximately half of the underlying net profit (IRR 109 billion) achieved by the Exchange in1389. Tehran Stock Exchange's fiscal year starts form 21st March 20th March every year.