Iranian Privatization Organization

The Vice president of Tehran Stock Exchange announced of resolving the problem of divesting the shares of Tabriz Refinery and finalizing the shares depository, inserting the name of Insurance Parsian with No. 485 in sub-bulletin of first market of trading and divesting the shares of these two companies and possibly Post Bank in the coming days.

Bloomberg News reported: "As investment rules change, foreign investors bought three times as many shares in Iran’s publicly traded companies."

The head of Iranian Privatization Organization announced divesting the shares of 370 companies with the volume of 700,000 billion Rials during the past 5 years in the country. He mentioned "in addition to the divesting pathology, monitoring will be done not only during the divesting, but also after it."

Referring the comprehensive report on Irans economic, A.M.E.info News Site announced of the existence of suitable conditions for foreign investment in Iran and the process of privatization and growth in this area.

In the execution of the duties and legal obligations on article 4 of the amendment of articles of 4th Development Plan and the regulations related to general policies of Principle (44) of the Constitution, Organization for Investment is published the second version of investment handbook in three volumes.

IPO Deputy of Divestiture and Shares Affairs, Mr. Seyed mehdi Aghdaei has announced making decision about base price of two state companies, at Divesting Board meeting on Saturday.

Head of Securities and Exchange Organization announced the deadline of Iranian Foreign Currency Investment Fund to attract foreign investments is less than two months and said: "attracting foreign investment in the Stock Market increases through this fund."

In view of the major policies of the State regarding the execution of the Principle 44 of the Constitutional Law, the first Private Post Company shall start to provide its services in Iran and the ME region with the introduction of a brand in the international market.

Saying that the Iran Stock Exchange is aimed to stand in the first rank in the 20-year Outlook Plan of the Country in the region, President of the Stock Organization stated that before the end of the Outlook Plan and during the next 4-5 years, we shall gain this objective.

The Minister of Economic Affairs and Finance stated that the financial support of the foreign investment is one of the priorities in the exploitation from National Development Fund resources.