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 GoKish -> News -> Prompt transfer of government company shares ...
Prompt transfer of government company shares ...
The Director of KFZ Stock Exchange said: "Starting the KFZ International Oil Bourse and the presence of foreign investors here will accelerate the transfer of government company shares to the private sector". In an interview with IRNA, Hossein Allahverdi added: "Foreign clients face various difficulties in purchasing government shares in the mainland; but, in KFZ, they can proceed without limitations due to the free zone laws". He stated that the transfer of government shares in accordance with Article 44 of the Constitution requires vast financial resources, and added: "The private sector is not financially adept to purchase government shares". The Director of Kish Stock Exchange stated: "By starting the International Bourse in Kish and transferring government shares to the private sector, more clients will become interested in purchasing these in Kish Free Zone". Regarding the advantages of government shares for foreigners, Allahverdi said: "Having foreign partners in the International Bourse will attract other clients and the stock exchange will prosper". He said: "The Stock Exchange and Bourse Organisation will give its proposals in this field after the formation of an expert workgroup and the study of guidelines for the operation of Kish International Bourse".
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