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
The 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
The COVID-19 pandemic has amplified the impact of economic sanctions and existing structural imbalances in Iran’s economy. The decline in revenues led the government to issue new debt and sell assets on the stock market, increasing financial risk exposures. A sharp exchange rate depreciation has accelerated inflation, with negative consequences for the livelihoods of vulnerable households. The growth outlook remains subdued due to trade restrictions and the ongoing global pandemic.
Iran’s economy is undergoing a third consecutive year of recession. Iran’s real GDP contracted by 6.8% in 2019/20 after sanctions led oil GDP to fall by 38.7%. Despite the expansion of sanctions to other key sectors, non-oil GDP grew by 1.1% as exchange rate (ER) depreciation made production more competitive. The GDP decline continued in Q1 2020/21 as COVID-19 containment measures contributed to GDP contracting by 3.5% (Y/Y); a modest contraction compared to most other countries. This smaller impact is partly due to the already lower economic base and limited integration with the rest of the world following decades of sanctions.
Iran’s GDP in 2020/21 is now estimated to contract at 4.5% due to a shorter lockdown period. Overall economic contraction is projected to increase in the second half of 2020/21 with a resurgence of cases in the colder season. In the absence of a widely adopted vaccine, recovery in 2021-2022 is projected to be weak and driven by the non-oil sector.
Source: www.worldbank.org