Tehran Stock Exchange IPOed First Cement Company This Year

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On 27 July 2008, thirteen percent of equity shares of kordestan cement Co (Equivalent of 21,060,000 shares of company) first time after listing, was offered by Omid Investment Co (5%) and Ghadir Sanat and Sarmeye Tose Co (8%) on Tehran Stock Exchange at the price of $ .85 per share with the total value of $12.2 million.

Kordestan Cement Co that located in west of Iran listed on Tehran Stock Exchange two month ago. It inaugurated in 1996 and now produce about 3,200 tone various kind of cement per day.

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