Gholack Investment Company Receives Preliminary Approval for the Issuance of Short-Term Murabaha Sukuk
Gholack Investment Company (Private Joint Stock) has obtained preliminary approval from the Securities and Exchange Organization (SEO) for the issuance of small-scale, short-term Murabaha Sukuk valued at 1,000 billion IRR.
The purpose of this issuance is to finance the purchase of shares of companies listed on the Tehran Stock Exchange (TSE) and the Iran Fara Bourse (IFB).
This initiative marks one of Gholack Investment Company’s strategic steps toward the development of innovative financial instruments and enhancement of its role in Iran’s capital market.
Upon completion of the company’s capital increase and compliance with regulatory requirements, a second issuance phase — up to 3,500 billion IRR — is also planned.