Iraq to Attract Investment through New IPOs
The Iraqi Securities Commission (ISC) has announced new efforts to enhance the attractiveness of the Iraq Stock Exchange (ISX), focusing on corporate governance and expanding the base of listed companies.
State-run Iraqi News Agency (INA) quotes ISC board member Wadhah al-Taha as saying that the launch of a corporate governance guide marks a key step toward strengthening the investment climate.
He noted that the Commission plans to introduce new companies through initial public offerings (IPOs) aimed at encouraging domestic investors to engage with profitable firms that offer regular dividends. This is expected to boost investor confidence and increase market activity.
Al-Taha added that these reforms send a message to international investors that Iraq's capital market is moving toward greater transparency, sustainability, and effective risk management.
He also highlighted Iraq's recent integration into an international platform that includes nine global markets, placing the ISX under international observation and accelerating the need for reform.
The Commission's broader strategy includes:
- Strengthening the corporate governance framework
- Expanding training programmes
- Increasing the number of high-quality, profitable listed companies
- Diversifying market offerings to reduce risk and enhance returns
Currently, 103 companies are listed on the ISX, but investor activity is concentrated on only 20-25 firms. The Commission aims to widen the range of active, reliable investment opportunities.
(Source: INA)
