On the strength of the decisions made recently by the senior authorities of the country and in the application of the major policies notified by the IRI Supreme Leader regarding the Article 44 of the Constitution, the divesting of four Iranian commercial banks were put in the agenda of the Iranian Privatization Organization (IPO). Since the government intends to divest these four enterprises through the exchange market, the preparatory formalities for admissions of these four banks need to be duly undertaken in the stock exchange. Currently, the specialized preparation committees for financial, legal and technical purposes are formed under the supervision of the Ministry of Economic Affairs and Finance (MEAF) to pave the path for the admission of these four commercial banks to the stock exchange market. The government recently approved the list of these four commercial banks, including Mellat Bank, Tejarat Bank, Saderat Bank and Refah Bank. Consequently, their shares shall be promptly supplied in the Stock Exchange and the divesting of 5 percent of their preferred shares to their employees and managers shall be started very soon. In the next phase, the divesting to the foreign or domestic strategic investors of the managerial blocks of these banks’ shares shall be duly taken into account. It is mentionable that the IRI intends to privatize 100 percent of shares of Mellat, Tejarat, and Saderat Banks. Moreover, approximately 7 percent of the Refah Bank shares are owned by the State, which shall be privatized totally. It is also mentionable that no particular decisions have been made yet to prioritize the potential domestic purchasers over foreign investors. Undoubtedly, foreign interested persons may apply for the purchase of shares from the government, enjoying the same conditions of domestic private sector applicants. The IPO hopes that with the progress of the new national program of privatization and based upon the new Privatization Act, widespread divesting of major SOEs, including these four authoritative banks is realized.