Authorities are in the process of revising rules to help attract knowledge-based companies to the capital. Mahmoud Goodarzi, the CEO of the Tehran Stock Exchange, said "We are focused on rewriting regulations specifically tailored to facilitate the acceptance of knowledge-based companies into the capital market."
"A company engaged in the production of bioethanol (green fuel) will soon be listed on the bourse. It produces bioethanol from corn starch, a product that increases the octane in gasoline and is environmental-friendly," Goodarzi said.
The revision of regulations is expected to encourage much-needed innovation and economic growth. Efforts are aligned with the goal of creating a transparent and investor-friendly environment in the stock market and upholding the interest of shareholders and stakeholders alike.