Public Offering of a20 Percent Block of the Tabriz Oil Refining Companyin the Offing
A 20 percent block of theTabriz Oil RefiningCompanyshares is set to be listed on the stock exchange by Iran Privatization Organization.
IPO Public Relations- The 20% block of the Tabriz Oil Refining Company includes more than 776 ,841,200 shares which will be sold out in cash.
The public offering of the20 Percent block is at the price of the stock exchange board on the very day (which equals the closing board price the day before) combined with a 20 percent increase provided that it does not fall below 26,878 rials. The overall basic value of the block is 20,879,937,773,600rials.