Iranian Privatization Organization

Managing director of Tavanir Company announced that Binalood, Shahid Montazeri & Qom plants will be divested to the private sector.

The result of the appraisal of supervision and performance on the companies that are divested to the non state sector shows 85% of these companies divesting have positive trend.

100% shares of Sabz Binalood Power Plant Production Company (SBPPEC) will be divested to the private sector as the first of this kind through the OTC as of 15th of August 2010.

The President of IPO said: 46 state companies will be ready for divestiture in the Stock Market.

The managing director of Dana Insurance Company announced of sending the report of 1388(Iranian Calendar) financial statements of this company to the organization and the stock company and declared the last shareholders and percentage of divested shares.

Announcing the average productivity index of 29.8 percent of the stock market, managing director of Stock Company stated: "more than 10.5% of this percentage of productivity related to the stock price growth of companies, and another 19 percent is due to the division of the companies benefit in the associations.

After the Registration of 27660 Rials for Each Share on Saturday (31, July 2010), in the seventh day of the competition, 100% of Jiroft Agro-Industry Shares were transacted.

Managing director of Tavanir Company announced that Binalood, Shahid Montazeri & Qom plants will be divested to the private sector.

Managing Director of Mellat Bank referring to the readiness of the bank for divesting 100% of the shares to the private sector stated: “Mellat Bank has improved in Quantitative and Qualitative Indicators, after entering the private sector.”

During the second international accounting conference, the head of Iranian Privatization Organization (IPO) announced that Dana and Asia Insurance Companies will be privatized till the Next Two Weeks.