Iraqi Stock Exchange Launches Shareholders Equity System

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The Iraq Stock Exchange and one of the specialized Iraqi companies are preparing to launch a system of trading information services and shareholder balance. This system will be reflected positively on investors and shareholders.

“The system, which will be launched early next August, will enable participating investors to receive sales notices and purchase notices as soon as they are executed during the online session,” said Taha Ahmed Abdul Salam, the market’s executive director. In addition to receipt of notices of deposit of shares and their release for trading, inheritance and assignment operations carried out by the shareholders in securities as well as notifications of the process of capital increase when approved by the shareholding company and other services of interest to shareholders

He added that the Iraqi market for securities will organize an introductory workshop before the launch of this system for stock brokerage companies and shareholders to identify the types of services and mechanism of participation.

Abdul Salam said that the idea of ​​the system and the types of services came to serve the shareholders in the knowledge of the decisions of the joint stock company and the communication in the implementation of the purchase or sale of shares in the rapid disclosure procedures and also as a kind of direct control shareholder shares deposited in the Depository Center.

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