Iraq is close to offering a new securities platform
economy, 2022/09/24 10:25 , the number of readings: 264
Baghdad - Iraq today:
The Chairman of the Securities Commission in Iraq, Hassan Al-Agaili, announced the imminent launch of a new platform for securities in the country, expressing his hope to launch it at the end of 2022.
He indicated that the platform bears the name “OTC”, which is an acronym for “Over The Counter", and it will be dedicated to trading the shares of companies not listed in the Iraq Stock Exchange.
He explained that the percentage change in the "OTC" platform for each session was determined by 5%, up and down, from the previous closing price for trading the shares of unlisted companies.
Hassan Al-Akaili added that the new platform will provide the best buying and selling offers for unlisted companies, whether they are joint stock or limited companies.