Middle East Economic Survey


No 18



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...