The company’s shares were also registered on 3rd February 2009 under number 10670 with Iran’s Securities and Exchange Organization (SEO). NDCO’s initial public offering of its shares:
The current Iran privatization effort calls for an initial public offering of five percent of the firms being privatized. Once the five percent is public, it will establish a market price on which further offerings can be based on. Five percent of NDCO’s capital of 2605405000 Rials divided into each share of 1000 Rials, offered to public on 22nd July 2009 at Tehran Stock Exchange which was sold during a very short period of less than one minute at price of 1400 Rials per share.
The company share prices are one the most popular share for trade at Tehran Stock Exchange. Soon NDCO’s 20 percent more shares will be offered in blocks form at Tehran Stock Exchange and offering of its remaining from its total 2605405000 shares will be continued until private sector will own its major and perhaps all shares.
The first NDCO’s General Assembly of Shareholders after privatization was held on 19th August 2009. Legal and Real Persons who are investors in NDCO as shareholders were assured that NDCO’s management is determined to enhance NDCO’s reputation and to extend it‘s experience and expertise to every region of the world—from the Persian Gulf to the Caspian Sea, Central Asia, Caucuses and beyond.