Economic & Industrial

Iran’s Mine and Metal Development Investment Company Increases its Capital

Iran’s Mine and Metal Development Investment Company Increases its Capital
Mining News Pro - Chairman of the Board of Mine and Metal Development Investment Company (MMDIC) of Iran, decided to increase its capital by 138 percent.
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According to Mining News Pro - By capital increment, MMDIC wants to compensate the investment costs, grow the capital of companies and attain new stocks.

MMDIC approved this decision on 3 February, 2019 and want to increase the capital from 34 thousand 118 billion IRRs to 81 thousand 318 billion IRRs. This capital will be supplied from shareholders` cash income, stockholders` claims and cash incomes.


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