Title: First Tranche of Justice Shares Dividend Scheduled for Pre-Yalda Payout
Introduction: A Step Forward for Shareholders
Significant progress is being made to ensure the timely distribution of dividends for the national Justice Shares program. According to a senior official, concerted efforts are underway to disburse the first installment of the performance-based dividends for the current Iranian year (1403) before the Yalda celebration, marking a positive step in addressing shareholder entitlements.
Addressing the Delay: Regulatory Efforts in Motion
Askar Tokali, the Head of the Justice Shares Union, clarified the reasons behind the payment delays in a recent media appearance. He explained that, in accordance with the Commercial Code, companies have an eight-month window after their general assembly to disburse dividends. While the assemblies have been held, some portfolio companies have not yet transferred their approved dividends.
Tokali highlighted the active role of regulatory bodies, stating that through the follow-ups by the Head of the Securities and Exchange Organization and other officials, a solution is being pursued to facilitate the initial payout phase in the month of Azar.
Resolving Outstanding Issues and Enhancing Cooperation
The official also addressed the status of the remaining dividends from the previous year (1402). He reported that a portion has already been paid following persistent efforts, though dividends for deceased individuals and those who have not registered bank account details remain pending.
Tokali praised the serious cooperation and follow-up from the social and economic commissions of the Parliament, emphasizing their role in ensuring shareholders receive their dividends on schedule.
Streamlining Management for Better Accountability
Discussing the management of dividend payments, Tokali reflected on a previous system where payouts were managed at the provincial level, proportionate to the shareholders in each province. He suggested that reverting to a model with greater provincial involvement could streamline accountability and make it easier for citizens to get answers, contrasting the simpler process in provinces like Mazandaran with the challenges faced in Tehran.
He firmly stated that while the Central Securities Depository and the Securities and Exchange Organization have the legal right to manage payments, “the right of the people is above all else and must be respected.”
Conclusion: A Coordinated Push for Timely Payouts
In his concluding remarks, Tokali confirmed that high-level meetings are being held with the Deputy Minister of Cooperatives and other relevant managers. These discussions, supported by the Head of the Parliament’s Article 90 Commission, aim to comprehensively resolve the outstanding issues related to the Justice Shares dividend distribution. The collective goal is to finalize and organize the process, ensuring that millions of shareholders across the nation receive their rightful earnings in a timely manner.