Iranian Privatization Organization (IPO) advisor announced about the implementation of obligatory actions to hold the tender and divest 200 state firms to the private sector, till the end of Iranian this year.

Since 20 March 2016 till 21 September 2016, more than Rls 5,760 billion of the state shares are divested.

Tender

Irans Minister of Economic Affairs and Finance said: “General Policies of Article 44 of Constitution issued by the Supreme Leader can make a major revolution in Irans economy.”

The head of Iranian Privatization Organization expressed: “Before the eleventh government,about 18% of divestings were to private sector and 38% to semi-private which in the eleventh government, these facts reached to 35% for private sector and 27% for semi-private sector.”

The 80% of Damavand Petrochemical Companys block stocks in total base value of Rls13,000 billion will be auctioned.

Iranian Privatization Organization (IPO)Advisor announced that Tomans 2,100 billion of State Shares will be divested on August and September 2016.

Since the beginning of Iranian current year, more than Rls 1,698 Billion of the state shares are divested by Iranian Privatization Organization (IPO).

The 17% of North Drilling Companys block stocks in each stock base value of Rls 4,018 will be divested through the Stock Exchange market on 17, August 2016.

The head of Iranian Privatization Organization stated: "State Economic Commission is obliged to help the privatization with the aim of developing employment and productivity."