Central Securities Depository Of IRAN

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CSDI Sets a New Record in Dividend Distribution Once Again in Less than 3 Months

Central Securities Depository of Iran has once again broken records in dividend distribution services after it managed to pay the share dividends of Mehr Ayandegan Financial Development Group within 24 hours after the company held its annual general meeting in early June 2022

Mehr Ayandegan Financial Development Group, an asset management company based in capital Tehran, successfully deposited the cash dividends of 94,446 real shareholders, 79 legal shareholders, 150 portfolio management companies, and 17 investment funds after all its shareholders registered in CSDI’s e-KYC platform known as Comprehensive Information Gathering System (CIGS). This came less than three months after CSDI’s dividend distribution team managed to pay cash share dividends of Polymer Arya Sasol Company, a major petrochemical company, only seven days after the company held its annual general meeting in April. 
As a measure to streamline the payment of cash dividends to shareholders, the Polymer Arya Sasol has also mandated all its shareholders to register in CIGS.
CIGS is the infrastructure service platform for identifying all potential investors or those have already entered the Iranian capital market. 
All market participants and stakeholders, including investors, customers and legal entities, are supposed to register their information only once and for all on the platform, and since then, they will be able to receive services from all capital market service providers based on the verified data they provided to the CIGS platform. 
To register in CIGS, all investors in the Iranian capital market can refer in person to 11,325 centers (including 4,466 selected government service offices, 1,993 brokerage firms, and 2,866 branches of selected banks) or use 53 “electronic” service platforms to authenticate their ID documents and enjoy unique benefits exclusively up for grab for CIGS-registered investors, including receiving dividends of their conventional shares, their Justice Shares, even attending general meetings, etc.
Once investors registered in the CIGS platform, have their ID information and other details, including their bank account number, mobile number, e-mail address, and their residence address, registered in the platform,  no market service entity in the Iranian capital market needs to authenticate the investor again and receive other documents form the CIGS-registered shareholders in future references.

Release Date: 6/5/2022

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