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Irab Daily 06 December 2008
Iranian companies have conveyed their interest in registering their shares in the Indonesian stock exchange.

The plan was delivered by the Iranian delegation on shares and investment agency as well as its telecommunication company during their recent visit to the Indonesian Bursa Efek Jakarta (BEJ), Fars News Agency reported.

"They are interested in making a dual listing here," said Stock Trade director M.S. Sembiring, adding that the Iranian delegates are in Jakarta to discuss the stock market condition in Indonesia and Iran.

He said they were interested in the stock trade system in Indonesia, which is now entering the remote trading stage.

They also have plans to invest in Indonesia. However, Sembiring said he does not know the value nor the kind of investment they are interested in. "We don't know, but they are big in oil and petrochemical," he said.

Sembiring said he is not aware of whether there was any discussion related to Telkom's plan to acquire the Iranian telecommunication company. "That's Telkom's business. I only know that there is that intention, but it was not discussed," he concluded.

The volume of trade between Indonesia and Iran has grown considerably in recent years, which is an indication of expanding ties between the two countries.