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EghtesadOnline: The Securities and Exchange Organization (SEO) has imposed new restrictions to discourage giant listed companies from offering large-scale share offers.

SEO has approved a decision based on which big holding companies cannot pay dividends over and above 20%of their income from share sales, the Securities and Exchange News Agency reported. 

it said the big companies must transfer the rest of the income to their “reserve accounts” for future needs, namely for raising capital.

Securities and Exchange Organization