New Chief at SEO
The High Council of Securities and Exchange on Saturday appointed Hassan Qalibaf-Asl as the new managing director of Securities and Exchange Organization.
Qalibaf-Asl succeeded Shapour Mohammadi after the latter resigned reportedly following disagreements over management and regulatory issues.
Mohammadi stepped down after four years at the SEO helm starting in August 2016, according to the Securities and Exchange News Agency.
An economist and university instructor, Qalibaf-Asl holds a PhD degree in financial management from Tehran University. He is also a faculty member of the Management Department in Alzahra University.
His past assignments include CEO of Tehran Stock Exchange, head of Iran Investment Company and director of Omid Investment Management Group Company. He chaired the TSE for 10 years.
According to SENA, Mohammadi had submitted his resignation to Economy Minister Farhad Dejpasand a month and a half ago.
The resignation coincided with the SEO announcement that it would tighten the cap on daily price spread of shares to 2% (down from 5% a day) to tame unreasonable growth in stock indicators.
That decision was drew strong opposition from senior economic and financial officials, including Dejpasand and the Governor of Central Bank of Iran Abdolnasser Hemmati. Later the SEO was forced to withdraw the decision.
source: Financial Tribune
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
