Corporate Action
Iranian companies are required to payout at least 10% of their net profits each year. The listed companies should hold their AGM until 4 months after the end of each annual year. Any corporate action is reported on www.codal.ir for investors.
Islamic Republic of Iran
Federation of Euro-Asian Stock Exchanges
After the lifting of the nuclear sanctions (2016), Iran's economy laid in growth path. Oil exports increased. Foreign investors started returning to Iran. The exchange rate fluctuations declined and the inflation rate fell sharply. In sum, Iran's economy experienced a positive growth. With regard to the investment growth (domestic and foreign), the increase in foreign trade and the improvement of Iran's political relations with the rest of the world, we expect that the future outlook of the country to be improved. Even some international entities (such as the World Bank and the International Monetary Fund) have approved the proper outlook of Iran's economy.
Undoubtedly, the existence of a high quality human capital, sufficient foreign investment and the access to cheap energy sources will make Iran as one of the most powerful countries in the region.
Iran's economy laid in growth path. The exchange rate fluctuations declined and the inflation rate fell sharply.
Economic Development and Outlook
Thanks to the stretched boundaries, an 80-milion local market and diversified products, namely oil, gas and minerals, Iran’s economy is of great significance in the region. Based on the latest IMF’s report, the country maintained its rank as the 18th largest global economy (among 193 countries) in 2017.
In the energy sector, Iran holds around 158 billion barrels of proved oil reserves, as the 4th largest in the world, as well as the largest natural gas reserves (34 trillion cubic meters; 18.2% of total global reserves).
The Middle Eastern country is among the main producers of basic metals in the industry and mining sector; for instance, based on World Steel Association, Iran produced more than 25 million tons of steel in 2018 to be ranked as the 10th global producer with 17.7% annual growth. By electricity generation indices, Iran is the 14th largest country with 95% of the national electric power equipment provided locally.
Iran is among top 10 producers of 21 agricultural crops globally, indicating its high stand of food security and self-sufficiency.
Iran has scored 0.798 in human development index in 2018 to be considered as a country with “high” level of human development, just few steps behind 0.8 level to enjoy a “very high” human development. Iran’s rank improved 7 steps in the World Economic Forum’s 2017-2018 Global Competitiveness Report than 2016-2017 from 76 (among 138 countries) to 69 (among 137 countries). The score of Iran in the World Bank 2018 “business environment” index was 56.98, growing 2.34 units than 2017. Based on the report, Iran’s ranking in 6 among 10 topics outperformed comparing one year earlier; these topics include starting a business, getting licenses, registering properties, paying taxes, trading and getting electricity. Moreover, the country’s 2018 standing
jumped 19 steps in Fraser Institute’s economic freedom, indicating an improvement of Iran’s business environment and economic activities.
Iran’s economic outlook and orientation for the current year (started 21 March 2019) is “boosting local production”, which helps the nation improve its economic independence, considering the access to proper human and physical capital and low-priced resources and raw materials. This will also facilitate procuring national demands, and lowers unemployment, moderates inflation and supports the local currency. The stock exchange is aiming to increase its share to finance economic activities, to list more companies and to introduce new instruments, as well as to improve liquidity, transparency and governance among business enterprises and economic participants.
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