Businessmen Union in Basra starts founding of largest joint-stock company in province
Businessmen Union in Basra starts with the founding of the largest joint-stock company in the province Wrote: June 2, 2016
Iraqi Businessmen Union in Basra announced, on Thursday, he began the first steps of the founding of the largest joint-stock company in the province hundreds of business involving, among the company was going to open its own bank.
The head of the Union Sabih Habib al-Hashemi said in a statement, said that "at least 500 businessmen optical mostly have only regional decided to participate in the establishment (United Basra company) which will be the largest joint-stock company in the province," noting that "the capital of the company at its founding will not be less than 100 billion dinars, and when capital rises to 250 billion dinars will create a bank that cares about the financial transactions of the company. "
He Hashemi that "the establishment of the company action at an advanced stage, and when the shares put up for sale during the IPO meeting of the year will be the business participants to the project to buy the most part, and the remainder will be available for those who wish of the people of Basra," he said, adding that "the company does not define itself in the business sector certain, but will be strongly active in various sectors, including construction and the building industry and tourism, where it plans to implement a package of investment projects, in addition to the implementation of projects contracted with the local government in the province. "