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Fund managers from the UK, Switzerland, France and Russia visited Tehran Stock Exchange on Monday 8 June 2015. Among the participants were delegates from Renaissance Capital, BlackRock, Prince Fund, East Capital, BankInvest, Capital Group and Cheyne Capital who met with the Exchange’s authorities and were targeting to identify the potential investment opportunities in the Iranian market.
The visitors had the chance to be acknowledged about Tehran Stock Exchange, and were briefed on TSE’s trading and investment regulations, as well as the latest statistics of the market operations.
The fund managers stressed that TSE’s trading and corporate transparency is one of the best in the region, and the Exchange’s CEO, Dr. Ghalibaf Asl hoped that Iran’s forthcoming international agreements would pave the way for more facilitated transfer of funds in and out of the market, and develop partnerships of international banks with Iran’s capital market.
The capital market in Iran is open to foreign investors, as any individual or institutional foreign investor is allowed to own up to 10% of the equities in any listed company of the Exchange. Total foreign investors’ ownership ceiling is 20% in any listed company; however, foreign investors can apply for a license to own above these portfolio management levels, and even fully takeover a listed company.
For more information on that, please visit http://www.tse.ir/cms/Default.aspx?tabid=81 .
