36 COMPANIES PAID OUT DIVIDENDS THROUGH CSDI'S SOPHISTICATED SYSTEM "CIGS"
CSDI CEO, Hossein Fahimi, acknowledges that 36 companies have paid their dividends via CSDI's domestically made e-KYC system aka CIGS so far this year.
Chief Executive Officer of Central Securities Depository of Iran, Hossein Fahimi, has acknowledged that some 36 companies have paid out their dividends to their shareholders via CSDI's domestically made e-KYC system, Comprehensive Information Gathering System (CIGS) as of March 21, 2020.
According to Fahimi the dividends amount to 15.8 billion Rials.
The companies are listed as Omid and Sepah funding companies, Saman Kish Electronic Payment Company, Neyshabour Sugar, Mobile Telecommunication Company of Iran, Khorasan Petro-chemistry, Tondgouyan, Iron and Steel Arfa', Iran Energy Stock Exchange, Informatics Services Corporation, Orumiyeh Cement, Mahan Chicken Production Complex, Mellat Bank Funding Co., Mobin Petro-chemistry, AryaSasol Polymer Company, Qom Atrin Thread, Nouri Petro-chemistry, Iran FaraBourse, Gol Gohar Mining and Industrial Company, Kosar Insurance Company, Qaed Basir Petro-chemistry, Razi Glass Co., Fanavaran Petro-chemistry, Iranol Oil, Asia Insurance Company, Qaltaksazan Sepahan Company, Mehr Ayandegan Financial Group, Persian Gulf Fajr Energy Company, Noush Mazandaran, Pars Petro-chemistry, Amir Kabir, Behshahr Industries, Middle East Bank, Novin Insurance Company, National Iranian Copper Industry Co. and Bojnourd cement company.
Since CIGS, is agile, user-owned, standard and supported by digital technologies, it is a fundamental ground for distributing the dividends to investors and a way forward toward electronic general meeting (e-GM) management systems.
CSDI has developed the Comprehensive Information Gathering System (CIGS) that helps address a number of fundamental components in the country's capital market.
The totally indigenous electronic system is a sophisticated infrastructure which provides a wealth of value-added services to shareholders and – on a broader perspective - to the whole capital market.
CIGS aims to contribute to the principle of transparency in the capital market, since all market players need to register and fill out the relative forms "once and for all".
Each of the components the newly-launched KYC-based system offers has the potential to make a significant impact alone or as part of a broader plan.
Release Date: 2020-10-12