New Government Disbursements Initiated for Justice Shareholders
Tehran – In a significant move aligned with national economic policies, new payouts for the “Justice Shares” program have been initiated for eligible citizens. This initiative represents the latest development in one of the nation’s most extensive national asset distribution plans.
A Landmark Economic Initiative
The Justice Shares program, launched in the mid-2000s based on the general policies of Article 44 of the Constitution, was initiated with three primary objectives: the democratization of the economy, the reduction of state ownership, and the strengthening of social capital. Under this program, a portion of shares from state-owned companies was transferred to eligible citizens, often through provincial cooperative companies, to facilitate privatization and improve the livelihoods of lower-income groups.
The Path of Share Liberalization
A segment of these shares was first liberalized on the stock exchange in May 2020, a process that included both direct and indirect methods. The direct method allows shareholders to sell their shares by selecting a broker, while the indirect method involves management through provincial investment companies.
Recent discussions have centered on the potential for a second wave of liberalization. While the Head of the Privatization Organization previously indicated that a new model for further liberalization was being prepared for government review, officials from the Securities and Exchange Organization have since clarified that the initial 2020 liberalization was a one-time event. The current focus, they state, is not on a new liberalization but on establishing a fair and orderly framework for the resumption of trading for existing shares, ensuring the process safeguards the rights of all shareholders and the stability of the capital market.
Focus on Dividend Distribution
A paramount concern for shareholders has been the timely receipt of dividends. The first installment of dividends for the fiscal year 2023-2024 was successfully distributed in February 2025. Authorities have now confirmed that the process for the second and final installment is underway.
Officials report that the overwhelming majority of companies have already transferred their due dividends. The disbursement of the remaining funds is currently pending the fulfillment of obligations by a small number of six companies and the official announcement of the precise distribution timeline by the High Council of the Stock Exchange. Intensive follow-ups are being conducted to expedite this process.
It is anticipated that the remaining dividends will be distributed to shareholders whose information is complete in the SEJAM system by the end of the current summer season. This disbursement will mark the completion of the dividend cycle for the previous fiscal year, delivering tangible benefits to millions of citizens invested in this foundational economic program.
