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Iran's Kish Credit Card Co. listed on Tehran Stock Exchange

14 March 2012

Iran Kish Credit Card Co. (KiCCC), a PSP (Payment Service Provider), this week made an initial public offering of about 30 million shares (equivalent to 10% of total equity shares) at Tehran Stock Exchange. The offered shares were traded at the price of IRR 9,800 ($0.8) per share, with the total trading value of IRR 294bn ($24m). Common stocks of KiCCC are listed and traded on TSE's second market under the symbol "RKSH". The company is mainly providing e-payment services in the banking society now, and has begun its cooperation with the Iranian banks to create and support their POS (Point Of Sale) network and other transaction instruments.

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