BAKU, Azerbaijan, March 19. The capital of Iran's Saipa Automobile Company has been increased by eight times, Trend reports via the company.
On that account, the company shareholders held an extraordinary meeting in Tehran on March 18.
The meeting resolved to augment the organization's capital via
supplementary revenue streams to facilitate modifications to its
fiscal architecture.
Ultimately, the equity valuation of Saipa Automobile Company
escalated to 1.42 quadrillion rials, approximating a market
capitalization of $2.45 billion.
Saipa Automobile Manufacturing Company has achieved a production
volume of 466,073 passenger vehicles during the current Iranian
fiscal year, spanning from March 20, 2024, to March 20, 2025.
The organization is strategizing to amplify its output of passenger
vehicles in the forthcoming fiscal cycle (spanning from March 21,
2025, to March 20, 2026).
