SSIC has been considering schemes in keeping with the plans of the year 1399 and the enhancement of its quality services, and intends to spend the resulting liquidity from the first offerings in this way.

According to SSIC media reports, the press conference on SSIC stock supply was held today on April 14, 2020 with the presence of Mohammad Rezvanifar, the CEO, in three separate sessions at 10 A.M, 1 P.M., and 2 P.M. due to the observance of health protocols and social distancing.

Mohammad Rezvanifar, the CEO of SSIC, by announcing the amount of first offerings of SSIC stocks allocated proportionately – 10% to people and 2% to funds – said that according to the planned schemes for the year 1399, SSIC intends to spend the resulting liquidity from the first offerings of stocks on enhancing the quality and quantity of the services offered to workers and the insured of Social Security Organization.

Referring to the appropriate pricing and high value of SSIC stocks, the CEO of SSIC said that the variety of SSIC portfolio reduces the risk of investment and is considered among the best possible investment potentials in midterm and long term.

Pointing out that last year the best and most profitable first offerings were tabled by SSIC, he announced the offering of the stocks of the other SSIC subsidiaries, explaining that SSIC’s plan to exit from business and to organize its portfolio is first offerings of companies in the capital market and concentration on optimizing projects and subsidiaries and that they do not seek to found new companies.

Rezvanifar then announced the offering of other SSIC subsidiaries’ stocks and said that the first offerings of SSIC subsidiaries, namely Tamin Cement Holding Company, Rightel, Tabas Activated Charcoal and Amin Financing, Khazar Caspian Wood, and Fine Paper were on the agenda.

The CEO reiterated that SSIC was in the vanguard of initiating its subsidiaries into the stock market, recognizing it as striving to fulfill the promise of clarity, and added, “The entrance of subsidiaries into the stock market prevents spur-of-the-moment decisions by companies and thus intergenerational assets are better safeguarded.

In the end, he noted that major shareholders would give their support for SSIC and there is no worry about supplying base volume and responding to demands.