New social security companies on the way to stock exchange – Mehr News Agency | Iran and world’s news

According to the Mehr news agency, quoting the capital market, the Minister of Cooperatives, Labor and Social Welfare clarified regarding the entry of new companies in the capital market: Many companies from the social security complex are ready to enter the capital market. Products and goods that can be traded under the Social Security Organization are also to be listed on the Commodity Exchange.

Hojjatullah Abdolmaleki pointed to the supply of cement in the Commodity Exchange and said: In the first weeks, 70% of the cement offered in the Commodity Exchange was from cement production companies under Shasta and Social Security and pension funds, and we will continue this issue; Of course, there were requests to give cement to special contractors out of stock, but we opposed this request.

He added: “We promised to develop the cooperative sector, and measures are being taken in this regard.” One of these cases goes back to the issue of the 2,000 billion Toman credit line for the cooperative sector, which was signed yesterday during a memorandum of understanding between the Deputy Minister of Cooperatives, the Cooperative Development Bank and the Cooperative Investment Guarantee Fund. Accordingly, 60% of these facilities will be granted to cooperatives at a mandatory rate with a subsidy paid by the Deputy Minister of Cooperatives.