The Vice president of Tehran Stock Exchange announced of preparation and admission of Khalij-e-Fars Petrochemical Holding & three companies related to the shipping, by the end of current year and also holding a congress for the purpose of attracting private companies.

In reply to the question, "considering that less than 4 months of current year is remained, which companies are in turn of preparation and admission or divestiture of the shares?", in an interview with Fars News Agency, Mohammad Reza Rostami stated: " Khalij-e-Fars Petrochemical Holding (that is subject to principle 44) is one of these companies which is in finalizing stage of financial structure and determining the number of related companies. This holding had some changes on its portfolio and its companies have increased from 12 to 15 companies."

He added: “therefore it is expected that after finalizing the capital and financial structure, conditions of admission in the stock market of Khalij-e-Fars Petrochemical holding (which is the most important company among the remained companies subject to Principle 44) will be prepared by the end of this year.”

Stating that according the recent ratified law, 2 refinery companies such as “Abadan” and “Bandar Abbas” are 100% state companies, Mr. Rostami continued: “whereas the refinery companies such as Arak, Shiraz, Tehran and Kermanshah are at the list of divesting the shares.”

He explained about the application of 5 companies such as Valfajr Shipping Services, Shipping Investment Company, Shipping Combined Transportation Company, South Shipping Line- Iran Line and Khazar Sea Shipping Lines to admission on the Stock Market and said: “General Manager of Shipping Company follows the admission of these companies seriously. In this regard, to admit on the Stock Market and probably divestiture of the shares of three companies from the above 5 companies we have planned.”

Finally, Mr. Rostami added: “with the purpose of introducing the advantages of presence of the companies at the stock market and attracting the active private companies, a congress will be held in the presence of representatives of Chamber of Commerces across the country in January or February by Tehran Stock Exchange.”