2 investment funds of energy providers received a subscription license.
▫ The Center for the Supervision of Investment Funds of the Securities Organization issued a license to underwrite 2 investment funds in the energy related commodities industry. On this basis, the investment funds Nuvira multi-commodity and Sohora Emerald Bidar will join the group of investment funds active in the field of energy issues.
▫ The Supervision Center for Investment Funds of the Securities Organization issued a license for underwriting investment funds in the commodity sector of energy suppliers managed by Nuvira portfolio companies and Akhtaz Bidar portfolio companies.
On the basis of the licenses granted, it is possible to register for the mentioned funds in accordance with the relevant laws and regulations within a period of one month from the date of issuance of the license letter. A possible extension of the registration date must be done with advance notice to the securities organization.
According to the instructions of the letters given, the minimum number of investment units that can be made for each of these funds is 20 million units and the maximum number of units that can be subscribed to is 200 million units. The nominal value of each investment unit is 10 thousand riyals.
In the past, the Prabi investment fund, based on commodities, began its activity on the energy exchange of Iran, in the commodity sector of energy subjects with the trading symbol "Synergy".
With the issuance of the underwriting license for multi-commodity investment funds of Nuvira and Emerald Bidar Commodity in the Energy Branch, these 2 funds will be able to obtain an activity license from the Securities Organization after completing the underwriting process and passing the relevant legal procedures.