Baku, Azerbaijan, Oct. 15
By Elnur Baghishov - Trend:
The value of shares of Iran’s Esfahan Oil Refining Company has been increased from 20 trillion rials (about $476 million) to 51 trillion rials (about $1.21 billion), Trend reports referring to the company’s website.
This decision was made at a meeting of shareholders of the company, according to the report.
The value of each share has been set at 10,000 rials (about $0.23).
At a meeting dedicated to increasing the shares, Morteza Ebrahimi, the company’s executive director, said that the company’s board proposed to increase the value of shares to 64 trillion rials (about $1.53 billion).
Ebrahimi proposed to consider 16 trillion rials (about $380 million) available in reserves and 28 trillion rials (about $666 million) earned from development projects as shares.
