HELSINKI - Businesswoman Halla Tomasdottir is set to become Iceland's new president, official data by the Icelandic national broadcaster RUV showed Sunday. 

Icelanders went to polls Saturday to elect their new president. According to partial results from all constituencies published earlier on Sunday, Tomasdottir was in a clear lead over former prime minister Katrin Jakobsdottir in the Icelandic presidential election.

Iceland's president has limited political powers, carrying out largely ceremonial duties, but has the power to veto legislation or call a referendum

With six constituencies, Iceland's presidential election, with 12 candidates running for the post this time, takes place in one round. The candidate who gets the most votes will be elected.  

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Iceland's president has limited political powers, carrying out largely ceremonial duties, but has the power to veto legislation or call a referendum.