“Holding the companies’ assemblies and fixing the prices of divestible companies’ shares based on the new financial statements are the main reasons of slowness in privatization”, declared the head of Iranian Privatization Organization (IPO).
Indicating that the names of about 120 companies are in the list of privatization in Fiscal Year 1394, Mr. Pourihosseini said: “Considering the financial year of more companies, 19 February, and the time of holding the companies’ assemblies, calendar month of Tir; so pricing the state-owned companies’ shares is valuable up to before holding the companies’ assemblies and increasing in their capital; and to announce new prices, divestible companies should wait for holding the companies’ assemblies and fixing the prices of  divestible companies’ shares based on the new financial statements. These reasons are caused the slowness in privatization since beginning the year.”
Head of IPO added: “Considering that the time of holding the companies’ assemblies is ending, pricing the divestible companies’ shares is beginning based on the new financial statements and after ratification of the base prices of divestible companies’ shares by Divesting Board, privatization will improve since calendar months of Mordad and Shahrivar.”