Iran Plans to List $90bln Energy Firm’s Shares on DIFX

TEHRAN (FNA)- Iran is planning to list shares in a $90 billion energy holding company on the Dubai International Financial Exchange (DIFX), the Middle East Economic Digest (MEED) magazine reported, citing unidentified Iranian sources.

DIFX officials were not available for comment on Saturday.

According to the report, the Iranian firm is considering a simultaneous listing on both DIFX and a European exchange in Frankfurt, in addition to listings in Singapore, Hong Kong or Shanghai, to gain exposure to Asian investors.

Quoting Iranian sources, MEED said discussions between the Iranian Privatization Organization (IPO) and DIFX about preparing the initial groundwork for the listing are underway.

“Talks have begun but no formal deals have been signed. There is a preference on Iran’s behalf that the Persian Gulf exchange to host the shares will be in Dubai, but if it does not work out they will look elsewhere,” the magazine said.