The IPO site is becoming of most active site among the various State internet sites.

Minister of Economic Affairs and Finance said: "During the last 4 years, divestitures of stock exchange were 9-fold of all divestitures." He added: "About 330 companies with the value of 70,000 billion Tomans have been divested in recent years."

New IPO president enumerated effective relation with other institutions and organizations, reasonable speed with logical manner within the discipline and professional deeds, as well as creation of convergence among institutions and areas related to the performance of the organization, accurate, comprehensive and rapid information of performance of IPO and considering applicants of divestitures of organization are part of his plans.

Seyed Shamsedin Hosseini, Minister of Economic Affairs and Finance appointed Peyman Noori Deputy Minister and IPO President.

The divesting Dana Insurance shares as the third insurance company subject to divestitures of principle 44 of the constitution on Monday this week at the stock market. Than Privatization of insurance companies in the first phase (initial divestiture of state insurance companys shares in the stock market) ends. Therefore more than 50 percent of the countrys insurance industry settles within the private sector hand.

IPO deputy announced the divesting of power plants by resorting to the tender and through OTC

Managing director of Tavanir Company announced that Binalood, Shahid Montazeri & Qom plants will be divested to the private sector.

The result of the appraisal of supervision and performance on the companies that are divested to the non state sector shows 85% of these companies divesting have positive trend.

In the execution of the Law on Amendment of Articles of 4th Economic, Social and Cultural Development Plan of the Islamic Republic of Iran and the regulations related to General Policies of Principle (44) of the Constitution, Iranian Privatization Organization is considering divesting assets, power plants and the shares of the following firms, observing other conditions stated hereunder by resorting to the tender method, deducting the preferred shares (in case accrue) at maximum 5 percent of the divestible shares and installment shares of the other experienced,

100% shares of Sabz Binalood Power Plant Production Company (SBPPEC) will be divested to the private sector as the first of this kind through the OTC as of 15th of August 2010.