CSDI ANNUAL ORDINARY GENERAL ASSEMBLY MEETING (2016) CONVENES

Central Securities Depository of Iran becomes the first listed company in the Iranian capital market to hold its Annual Ordinary General Assembly meeting on 15 April 2017 at CSDI headquarters.

The meeting convened under the supervision of the shareholders, CSDI Chairman of the Board of Directors, CSDI President and Chief Executive Officer and President, the supervisors and other relevant figures and representatives.

During the meeting several issues in regards to the developments having taken place at CSDI over the past year were carefully reviewed and studied. The session also saw the participants hearing a concise summary of the relevant activities and then there was a Q&A session to further clarify any ambiguities.

CSDI Chairman of the Board of Directors, Hossein Fahimi, presided over the meeting during which the shareholders consolidated and approved the financial statements for the year that ended March 21, 2016.

In an address to the gathering, CSDI President and CEO, MohammadReza Mohseni, delivered a comprehensive report on the most significant activities of the company in the past year.

Mohseni enumerated refined compilations of a strategic plan, statute of proxy transactions in the capital market, securities seizure guidelines, an improved quality management system to qualify for and obtain the certificate of ISO 9001, playing host to the annual Asia-Pacific CSD Group (ACG) general assembly, introducing a brand new model for settling foreign investments also known as the “Blue Model,” a draft model of offering value-added services in reports to foreign investors, releasing “Justice Shares,” the linkage of Iran’s capital market to those of other countries as among the notable achievements of Central Securities Depository of Iran over the past year.

He then referred to strengthening the clearing house in a bid to improve CSDI activities in the capital market through paperless or de-mat electronic services, adding the number of new trading accounts issued for the capital market share-holders witnessed a six per cent growth last year rising to 9,348,000 accounts.

Mohseni went on to say that having been elected as a new member to Asia-Pacific CSD Group (ACG) Executive Committee on one hand and Federation of Euro-Asian Stock Exchanges (FEAS) executive board of directors on the other, as well as clinching Memoranda of Understanding with its peer companies, all prepared the ground for CSDI to strengthen its international interactions at the international level.

The annual general assembly of CSDI shareholders is held at the end of the fiscal year every year.

Release Date: 5/5/2017


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