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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Iran’s National Development Fund loses director and executive board

Posted on 04 July 2016

Iranian President Hassan Rouhani has accepted the mass resignation of those on the board of trustees of Iran’s sovereign wealth fund as revelations about high compensation packages at state-owned firms take new casualties.
“The board of trustees of the National Development Fund held a session with President Rouhani in attendance, where the mass resignation of the director and executive board members was accepted,” the Fars news agency reports. Several senior officials, including ministers of economy, petroleum and labor, as well as the country’s attorney general also attended the session, the news agency reported………………………………………..Full Article: Source


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