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Futures Market launched at Tehran Stock Exchange:
In a ceremony held at Tehran Stock Exchange (TSE) on July 25, 2010 the Futures Market became alive.
This ceremony was held with the presence of Mr. Huseyin Erkan the Chairman and CEO of Istanbul Stock Exchange, some of domestic figures in Iran's capital market including Dr. Ali Salehabadi the President of Securities & Exchange Organization (SEO), Dr. Hassan Ghalibaf the Managing Director and CEO of TSE, and Mr. Alireza Hajinorouzi the Managing Director and CEO of Central Securities Depository of Iran (CSDI).
According to the High Council of Securities & Exchange ratification, CSDI will be responsible for the post-trade activities of Futures Market trades.
In this regard CSDI is now considered responsible for post-trade activities of Tehran Stock Exchange trades, Over The Counter Market and the Futures Market trades.
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CSDI Annual GA for the year ended March 20, 2010
The Annual General Assembly of CSDI was held at 3 p.m. on April 20, 2010 at the CSDI shareholder affairs services building.
The meeting became official with 63.69 percent of shareholder attendants.
In this meeting the report of the Board of Directors on the subject of company activities, also the report of the company's elected inspector/auditor on the financial statements for the year ended March 20, 2010 was read to the Assembly and approved with unanimous votes.
It was stated that the Company's earning per share for the year ended March 20, 2010 was 1259 IRRials, of which 200 IRRials was the dividend for each share and the rest was the accumulated profit for proceeding to the next step which will be the Capital Increase of the company.
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CSDI Capital Increase
CSDI extraordinary General Assembly was held on March 15th, 2010. In this meeting the CSDI Board of Directors were granted the authority for Capital Increase from 100 Billion IRR to 200 Billion IRR from undistributed profits, which will be accomplished at the next Ordinary Annual Meeting.
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