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.

In an interview with Fars News Agency, referring to the meeting of Admission Board of Securities and Exchange Organization on application of Parsian Insurance admission (dated: 12, Sep. 2010), Mohammad Reza Rostami stated: "following admission of this company on the Stock Market and the meeting of Admission Board on previous Wednesday, the name of Parsian Insurance is inserted as four hundred and fifty eighth accepted company in group and sector of providing funds of insurance and pension except  the compulsory Social Security and insurance groups except life insurance, with the  Code No 66-03-04 and the symbol stock  of Parsian (Parsian) at the list of prices inserted on the sub-bulletin of First Market of Tehran Stock Exchange.

He is stating that Securities and Exchange Organization is now the host of three State Insurance Companies and it is subject to Principle 44 of Dana, Asia and Alborz. He continued: "Then the possibility of primary divesting the shares of this private insurance company prepares during the next days and according to the decisions of Managing Board of Stock Exchange Company. It is possible that this divesting will be done during this week."

According to Rostamis statements, the profit of previous year and current year of this company with the nominal capital of 110 billion Tomans is 38 and 40 billion Tomans equal to 313 and 363 Rials. Major shareholders of this company are Parsian Bank with 20%, Oil Industry Pension Fund Investment Company with 19.15%, Iran Khodro Investment Development Company with 15.11%, Sina Bank with 8.39%, Pakhsh Azim Company with 7.45%, Sina Pakhsh Pars 6.59%, Safa Industrial Group with 6.57%. About 20% of the shares mandated by people that are as free float shares.

Referring the elimination of problem in divesting the shares of Tabriz Refinery, the Bourse deputy stated that original problem in divesting the shares of this company subject to Principle 44 was finalizing the shares depository which was resolved last Wednesday. Thus, the shares of this company, with 194 billion Tomans capital, will be divested in the near future on the Stock Market.

According to this report, from April 30th 2010, Tabriz Oil Refining Company is known as the 455th of such companies to be accepted to TSE. The stock symbol for this company is "Shabriz" and it would be appear on the sub-bulletin of First Market of Tehran Stock Exchange.

Mr. Rostami added: "Divesting the shares of these two Companies will be done with a short gap in days ahead". Also regarding the 56 Billion Tomans shares of Post bank, he explained: "with finalizing the shares depository, the primary divesting of Post Bank will be done."

On the previous prediction, he had announced the profit for each share of this Principal 44 Company, 221 and 330 Rials for last year and current year, orderly.