Iran and Belarus capital markets are now open to mutual investment, and there’s potential for joint listings on both countries’ stock exchanges

Iran and Belarus capital markets are now open to mutual investment, and there's potential for joint listings on both countries' stock exchanges

Tuesday, 10 December 2024

Iran and Belarus capital markets are now open to mutual investment, and there's potential for joint listings on both countries' stock exchanges.

In a move to promote cross-border investment and trading activities, the President of the Securities and Exchange Organization (SEO), Hojjatollah Seydi and the Belarusian Deputy Finance Minister, Pavel Lemekh, sign a joint cooperation agreement at the SEO headquarters in Tehran.

The agreement aims to support investors, enhance capital markets, exchange experiences, and work together to improve performance efficiency. Based on the agreement, both Iranian and Belarusian shareholders will be assigned a unique shareholder account for trade.

Following the ceremony, Seydi highlighted that Belarusian companies are welcome to participate in the Iranian stock exchange and proposed establishing a project fund for joint ventures, allowing profits to be distributed to shareholders upon project completion.

The Belarussian deputy minister, for his turn, expressed interest in collaborating with the Iranian capital market. He stated, "To expand cooperation between our two countries, we recommend that investors engage directly with both the Belarusian and Iranian stock exchanges, as this will significantly enhance trade relations."

Foreign individuals can apply for an account by submitting their passports and following the necessary requirements.

Once implemented, Central Securities Depository of Iran will be in charge of the initial stages of the project i.e. the KYC and issuance of trading accounts to provide a seamless pathway for the investors and streamline and simplify the process for investors looking to diversify their portfolio across different markets.

Stay tuned for more updates!