Saturday, February 18, 2012

Chairman of Securities: the rehabilitation of public companies will economic development unprecedented in the country



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The independent Iraqi news agency / Baghdad / n. H ... uncovered head of the securities a tendency for the rehabilitation of public companies in preparation for inclusion in the Iraqi market for securities firm that it will happen an unprecedented economic development.

The head of the Securities Commission, Dr. Abdul Razzaq al-Saadi, a reporter (and independent Iraqi news agency) the existence of a government headed for the rehabilitation of public companies in preparation for inclusion in the Iraqi market for securities, stressing that it will achieve growth of the Stock Exchange in particular, the national economy.



Saadi said that the whole submitted a proposal to support such a project and is now a client to search by a committee formed in the Council of Ministers on the study made ​​by the body.



The project is based on the rehabilitation of public companies and then inserted in the stock market after the establishment of a government fund, explaining that Must consider all public companies and evaluate each of them according to a study determines the effectiveness and necessity of the national economy and the feasibility study it before the qualifying with the scrutiny of the most important aspect hinders the development of these companies is the accumulation of the workforce is more than they need, which requires study and explore the possibility implicated in other sectors



He stressed that al-Saadi Public partnerships, if asked if they put up for sale and privatization in light of their labor excess and degradation of technical, economic, they will not achieve a good price and will lead it to the scattered energies of large and I my opinion, are heading for the rehabilitation of these companies and be no institution dedicated to the rehabilitation of public companies, according to a scientific plan to qualify and then subtract shares in the stock market as a hybrid ".

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