Country's Second Foreign Currency Fund Receives Subscription License

The Fund Supervision Center of the Securities and Exchange Organization has issued a subscription license for the "Kimia National Fixed-Income Foreign Currency Assets" investment fund.

The Securities and Exchange Organization's Investment Fund Monitoring Center issued a license to underwrite the investment fund "in foreign currency assets with fixed foreign currency income of National Kimia".

According to Ambassador Arjan, based on this license, it is possible to subscribe to the mentioned fund by complying with the relevant laws and regulations and within a period of one month from the date of the license letter. The possible extension of the subscription deadline must be done with prior notice to the Securities and Exchange Organization.

According to the provisions of the letter, the minimum number of investment units of the fund for subscription is 100 thousand units and the maximum number of units that can be subscribed is 1 million units. Also, the maximum number of investment units that can be subscribed is 990 thousand units.

Previously, Mana Mellat currency fund was successfully subscribed as the country's first currency fund.