- Today, 10% of Kimia Zanjan Gostaran Company’s shares, equal to 11,520,000 shares, with the ticker Kimia, were initially offered to investors in Iran Fara Bourse at $0.09. Being an industrial and Mineral Company established in 2007 and holding $3.17 mn in capital, the company mainly produces Zinc concentrate and Lead concentrate, aiming at meeting the needs of domestic markets and accessing international ones. Each brokerage house along with all branches was allocated 65,900 shares. In addition, the mentioned company has predicted to make a $0.02 EPS for the current FY ending 19 March 2016, demonstrating a 29% decline compared to the prior year.
- According to the Ministry of Oil’s Director General of Strategic Planning, the country’s oil industry is in need of investment worth $150 bn during the Sixth Development Plan. He added that the private sector and foreign investors will fund $100 bn of the projects while the rest will be financed by domestic and local sources.