Central Securities Depository Of IRAN

The pilot launch of a comprehensive system for distributing dividends of securities across the Iranian capital market took place in 2 July, 2019.

The new version of the electronic platform developed by the company provides investors with a significant number of unprecedented web-based services to facilitate their activity in the Iranian capital market.

The new Dividend Distribution System Pilot Launched (DDS) happened for the first time in Iran's capital market history, in which dividends are distributed electronically among over 9,000 shareholders of the Iran Energy Exchange (IRENEX) as well as 900 shareholders of Neyshbour Sugar Company in line with CSDI's efforts to address one of the major concerns of the market's stakeholders. 

Through the dividend distribution system, the shareholders' equity income including the corporate dividends, earnings per period and in different maturities, funds from the redeemed Sukuk are to be paid in a centralized manner.

Prior to DDS, the dividends used to be distributed in traditional ways which generally took more time and were costlier and exposed to human errors. All of these deficiencies made CSDI put devising an electronic dividend distribution system on its agenda