Letter from Iraq Stock Exchange (ISX) to securities companies (general agency)

[moneysoon]

I can't bring it over. It is from Mubaser. It also needs to be translated. The title has me interested though....

[TrinityeXchange]

thanks for the heads up brother.  i just sent it over to my guy for interpretation.  stay tuned....

[deniscanada]

I can't bring it over. It is from Mubaser. It also needs to be translated. The title has me interested though....

 

bring the link to the website. either my self or someone else can bring it

[TrinityeXchange]

Interpretation from my friend followed by a rough summary of what it means:

 

[interpretation]

 

This is coming from the ISX Board of Directors

 

They have looked at the minutes of the meeting or session held in 9/26/15 and coming from the legal counselor (Tamimi) dated 9/21/15.  

 

The public companies approved in case of sell (title of document)

 

After the discussion the committee or board announced to the investors that they are adding this piece which is "The Iraqi Stock Market have the right to review and the status and sign for them and the ability of sell and buy of the stock and bonds for semi-government companies".  they have the right to be an agent for them.  

 

[end interpretation]

 

==================================

 

Summary:  The ISX has assumed the right to operate/function as an agent for semi-public companies.  It will have the authority to review the status of these companies and authorize the selling and buying of stocks and bonds for them.  This was an amendment to some existing contract .

 

[Me] - it appears that the privatization efforts of Abadi's reformation program is in full swing.  the plan is to privatize or semi-privatize state run companies.  they are preparing to bring these companies onto the ISX.  

Edited September 30, 2015 by TrinityeXchange

[SnowGlobe7]

     

[deniscanada]

thankx trinity

[chris2028]

Thanks Trinity!

[Freedomwish]

Summary:  The ISX has assumed the right to operate/function as an agent for semi-public companies.  It will have the authority to review the status of these companies and authorize the selling and buying of stocks and bonds for them.  This was an amendment to some existing contract .

 

[Me] - it appears that the privatization efforts of Abadi's reformation program is in full swing.  the plan is to privatize or semi-privatize state run companies.  they are preparing to bring these companies onto the ISX.  

 

 

 

Ahhhhhh yeah!!     

[TrinityeXchange]

here is the link to the pdf file.  the announcement is in arabic and too large a file to post here.

[haymon]

Will this help us get our dividends paid to is that are outside the country?

[skeetdog]

Thanks moneysoon/TX...This should send a big wave over the pond to where the UN Convention is underway...Art. 4 compliant....

[moneysoon]

Hello All,

 

Thank You TrinityExchange for your work on this Brother.

 

Yes hopefully they are prepping to list a host of new companies. The GOI serving as a general agent does present a possible upside should conditions become favorable. One question will be whether or not the government can compete with businesses. Either way you look at that policy and its implications..., the "early bird" will win. Thank God I am already here NOW!

 

Blessings!

Edited October 1, 2015 by moneysoon

[blueskyline]

Thank You !