Insurance stocks to debut on bourse

November 6, 2008

TEHRAN – The head of Iran’s Securities and Exchange Organization stated here on Wednesday that the stocks of insurance companies, excluding Iran Insurance Company, will be gradually offered on the Tehran Stock Exchange (TSE) in the next Iranian calendar year (to start March 21).

According to IRNA, Ali Saleh Abadi added that some ad hoc working groups have been formed in the Ministry of Finance and Economic Affairs in a bid to lay the foundations for insurance companies’ privatization.
The privatization of insurance companies is in line with the implementation of Article 44 of the Constitution