Bourse launches a shareholder equity system
The Stock Exchange and one of the specialized Iraqi companies are preparing to launch a system of trading information services and shareholder balance. This system will be reflected positively on investors and shareholders.
"The system, which will be launched early next August, will enable participating investors to receive sales notices and purchase notices as soon as they are made online," said Taha Ahmed Abdul Salam, Executive Director of the ASE. The process of settlement at the end of the trading session in securities in addition to receipt of notices of deposit of shares and the launch of trading and inheritance and assignment operations carried out by the shareholders in securities as well as notifications of the process of capital increase when approved by the shareholding company and other services of interest to shareholders.
He added that "the Stock Exchange will organize an introductory workshop before the launch of this system for securities brokerage companies and shareholders to identify the types of services and mechanism of participation."
"The idea of the system and the types of services came to serve the shareholders in knowing the decisions of the joint stock company and communicating in the execution of the purchase or sale of its shares in the rapid disclosure procedures and also as a kind of direct control shareholder shares deposited in the Depository Center.