Kian Utility Fund offering closes in 20 minutes

IRAN: Subscription for the Kian Utility Fund, which opened on the 5^th January 2026, saw the 500 million units on offer snapped up within 20 minutes. Given the strong interest in this sector-specific equity fund investing in the electricity, gas, steam and hot water sectors – authorization was granted to double the number of units on offer. With production costs influenced by domestic petrochemical operations offering relative stability, this fund takes a long-term investment perspective – where rising electricity rates and moves toward energy price liberalization are expected to boost the profitability of the electricity sector, potentially delivering significant returns for the fund.