Title: Finalizing the Justice Shares Plan: Government Nears Completion of Comprehensive Restructuring
In a significant move to finalize the long-standing Justice Shares program, a senior official has announced that a comprehensive restructuring plan is in its final stages and will soon be presented to the cabinet for approval.
A Plan for Final Review
Seyed Ali Madani-Zadeh, the Deputy Minister of Economic Affairs and Finance, confirmed that the master plan for organizing the Justice Shares is nearing completion. He stated that the project will be presented to the government for final review within the next month, which will ultimately determine the status of those who were left out of the initial scheme.
“The plan for organizing Justice Shares is currently in the final stages of review at the Supreme Council of the Stock Exchange,” Madani-Zadeh explained. “Upon its approval, it will be sent to the cabinet for a final decision.”
Enhancing Transparency and Management
The deputy minister highlighted that the primary objectives of the new plan are to establish greater transparency, facilitate the management of existing shares, and create a legal framework to cover the estimated 3 to 6 million individuals who are yet to be included.
A key focus of the plan is a thorough review of the provincial investment companies and the mechanisms for managing the shares. The status of all shareholders, whether they chose direct or indirect management of their shares, has been completely reassessed. New policies have been adopted to increase transparency and improve the performance of these provincial investment companies.
Madani-Zadeh emphasized that restructuring the Justice Shares is a government priority to ensure sustainable profitability for shareholders and to bring the management of all affiliated entities under updated regulations and enhanced oversight.
Prioritizing Those Left Out
Following the cabinet’s approval of the restructuring plan, addressing the status of those left out will become a top priority. “In cooperation with the Ministry of Welfare and the Privatization Organization,” Madani-Zadeh stated, “we intend to prepare a precise list of new eligible individuals by the end of the current Iranian year and announce the next phase of the executive program.”
The Justice Shares program currently includes over 49 million Iranians, many of whom have received annual dividends since its inception. The latest dividend payment, for the fiscal year 1402, was completed by the summer of 1404. Economic officials express hope that the implementation of this new plan will strengthen the public’s role in the capital market and restore confidence in the Justice Shares initiative.