Short History

The Privatization Organization has been incorporated based on Article 15 of the 3rd Economic, Social and Cultural Development Plan of the Islamic Republic of Iran which is confirmed to be effective in Article (9) of the 4th Social and Cultural Development Plan of the Islamic Republic of Iran -ratified in 2004-. The new Articles of Association of Privatization Organization –based on the "Law on Implementation of General Policies of Article (44) of the Constitution" - was ratified by Council of Ministers in 2009.

This Organization has practically commenced its activities with the new objectives and tasks –based on the "Law on Implementation of General Policies of Article (44) of the Constitution"- since 2008. The Privatization Organization is a governmental company affiliated to the Ministry of Economic Affairs and Finance, having legal entity and financial independence. The president of IPO and the head of its Executive Board is the Deputy Minister of Economic Affairs and Finance.

Since 2000 by now, the secretariat of the Divesting Board is located in Privatization Organization and based on the Law, the IPO is considered as the secretariat of the mentioned Board.