The divesting processes of Banks shares, subject of the Principle 44 of the Constitution shall be started from November 22, 2007. 

In his talks with Mehr News Agency, Gholamreza Heidari Kord Zangeneh, Deputy of the Ministry of the Economic Affairs and Finance (MEAF), reported of the weekly meetings of the Iranian Privatization Organization (IPO) and the Stock Exchange Organization authorities for coordination regarding the share divesting of companies ready to be supplied and the removal of problems of companies being enlisted. 

Referring to the suitable decisions made for the preparation of divestible companies in the Stock Exchange, the IPO executive director added that, "In this meeting it was provisioned that the shares of bank and insurance companies subject of share divesting, shall be started from November 22, 2007.” 

Moreover, Mr. Kord Zangeneh talked of the supply of four 5-percent blocks of the Mobarakeh Steel Complex and two 10-percent share block of the Arak Aluminum in the near future.