Middle East Economic Survey
VOL. XLVIII
No 18
2-May-2005
IRAN
Iran To Allow Foreigners To Buy 10% Of TSE Companies
A senior official of the Tehran Stock Exchange (TSE) Ali Sanginian told Reuters on 24 April that foreigners would shortly be able to buy directly up to 10% of the shares of companies listed on the bourse, thereby waiving cumbersome permits needed in the past. Mr Sanginian said that a new directive permitting the sale of shares to both private foreign citizens and firms, would come into...
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