The 12th Meeting of the Tehran Chamber of Commerce and Industry’s Money and Capital Market Commission Discussed Financing Methods for Reviving Damaged Industries

Members of the Tehran Chamber of Commerce and Industry’s Money and Capital Market Commission discussed financing methods for industries damaged by the war at the 12th meeting of the commission, which was attended by the Director of the Central Bank’s Production Financing Department, the Director of the Exchange Center’s Foreign Exchange Financing, the Director of Primary Market Supervision, and the Head of the Investment Funds Supervision Center of the Stock Exchange Organization. They examined financing methods for industries damaged by the war and emphasized the necessity of utilizing the capacity of the capital market, public capital, and attracting foreign investment.

In this meeting, which was dedicated to examining the role of the money and capital market and public capital in reviving industries damaged by the war, Ali Beigzadeh, CEO of Shahr Financial Group, explained: The country’s mother industries were mainly damaged in the war, and subsequently, their downstream industries have also been affected.

Categorizing industries, including those that were directly attacked, those that were affected by the attack on parent industries, and those that were not damaged, he said: "Following the situation that prevailed in the industrial space, two measures were put on the agenda in the capital market, which are designing mechanisms to attract people's money and also issuing bonds that can be converted into shares. If these bonds are issued, there will be the possibility of people becoming shareholders at a low rate. This measure will also reduce the cost of financing for industries."

News source:

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