OTC market Banking and insurance in Iran
since 2009, iran has been developing over-the-counter (otc) market bonds , equities called farabourse. shareholders include tehran stock exchange corporation (20%), several banks, insurance companies , other financial institutions (60%), , private , institutional shareholders (20%). of july 2011, farabourse has total market capitalisation of $20 billion , monthly volume of $2 billion.
in 2010, 5.5% of mobile telecommunication company of iran shares offered on iranian over-the-counter (otc) market, @ value of $396 million. largest ipo-to-date in iranian otc equity market. in 2011, pardis petrochemical co., largest producer of urea , ammonia in middle east, amir kabir petrochemical co., pasargad bank, yazd alloy steel co. , ravan fanavar co (a car auto part manufacturing company) went public.
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