Title: New Framework for Iran’s Equity Shares Set for High-Level Approval
Tehran – A comprehensive new plan for the administration of Iran’s Equity Shares scheme has been finalized and is poised for review by the country’s Supreme Council of the Stock Market, a senior official announced.
Plan Finalized for Key Approval
Speaking on national television, Seyed Ali Madanizadeh detailed that the proposed framework is complete and will be presented to the Supreme Council for ratification. Following this crucial step, the plan will be submitted to the Cabinet for final implementation.
Streamlining Existing Shareholdings
A central component of the new plan, according to Madanizadeh, is the systematic organization of existing Equity Shares. The initiative is designed to bring structure and clarity to the holdings of current recipients. The official emphasized that the plan specifically addresses the management of both the central and provincial investment companies responsible for the Equity Shares portfolio.
Future Focus on Eligible Individuals
Once the current shares are successfully systematized, the government will turn its attention to individuals who are eligible but have not yet been included in the scheme. Madanizadeh confirmed that a comprehensive, scheduled program is part of the proposal, with the aim of presenting the entire plan to the government within the next month.
This development marks a significant step in the ongoing efforts to refine and expand the reach of this major national social equity program.