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Tehran Stock Exchange Lists Iran Kish Credit Card Co.

Date 14/03/2012

On 13 March 2012, Iran Kish Credit Card Co. (KiCCC), a PSP (Payment Service Provider), made an initial public offering of about 30 million shares (equivalent to 10 percent of its total equity shares) at Tehran Stock Exchange. The offered shares were traded at the price of IRR 9,800 (USD 0.8) per share, with the total trading value of IRR 294 billion (USD 24 million).
Common stocks of KiCCC are listed and traded on TSE's second market under the symbol “RKSH”.

The company is mainly providing e-payment services in the banking society now, and has begun its cooperation with the Iranian banks to create and support their POS (Point Of Sale) network and other transaction instruments.