Stock market able to provide necessary investment for refining industry: SEO head

TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) has stated the nation’s refining business requires $30 billion of investment for finishing semi-finished initiatives and the capital market is the perfect place to provide this funding.

Speaking in a web based assembly with the heads of the nation’s main corporations lively within the talked about business on Sunday, Mohammad-Ali Dehqan Dehnavi stated the inventory market can provide options to finance petrochemical corporations and improve investment on this space.

He talked about forming professional desks as a productive means for discussing and resolving the problems of assorted industrial sectors and famous that SEO is looking for to set up professional desks for all the commercial sectors lively within the inventory market.

He pointed to the holding of the primary assembly of the business desk in SEO and added that on this assembly, which was devoted to overview the problems of the refining business, the present issues, obstacles, and challenges on this space have been addressed and a few options have been proposed.

Dehnavi stated that the refining business accounts for an necessary a part of the capital market and added: “We should use the capital market as a platform to finance initiatives on this business and improve investment.”

“We consider that the capacities of the capital market will be put alongside the potentials of the commercial sectors to facilitate improvement of these sectors,” he confused.

The official additional famous that insurance policies and laws have an effect on the worth of individuals’s belongings within the capital market and the legislators shouldn’t make selections with out contemplating the pursuits of small shareholders.

Increasing the capital of corporations, issuing bonds, forming funds for particular initiatives are a number of the methods by means of which the capital market may also help finance initiatives in numerous industrial sectors, Dehnavi stated.

EF/MA

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