Iranian Privatization Organization

Head of Iran’s SEO announced of launching the Mobile Bourse and stated: “Mobile Bourse software is able to be installed on Mobile Phones. Installing this software helps to observe moment by moment information of market, the companies and all the events of capital markets.”

One hundred and thirty-eighth session of Foreign Investment was held and new projects of Foreign Investment ratified during it.

Public Relations and International director of Tehran Stock Exchange described the measures of this corporation in international exchange and cooperation with the Islamic countries exchange.

For the first time; Tehran Stock Exchange became the chairman of working committee of the Federation of Euro-Asian Stock Exchanges (FEAS).

Supreme Council for Islamic Financial Services Board agreed with the membership of Iranian Securities & Exchange Organization in the Islamic Financial Services Board.

The president of the Organization for Investment, Economic and Technical Assistance of Iran announced of the codification of foreign investment incentives package, in the country.

The Vice president of Tehran Stock Exchange announced of preparation and admission of Khalij-e-Fars Petrochemical Holding & three companies related to the shipping, by the end of current year and also holding a congress for the purpose of attracting private companies.

One of the officials of Foreign Investment Organization announced that some meetings held in the presence of Ministries of Justice and Labor and Companies Registration Office to solve the problems of foreign investment. He stated: “henceforth foreign investors may register a company directly with the Registrar of Companies, and obtain any license.”

Iran Airs Chairman, Mr. Farhad Parvaresh announced of valuation of Homa for preparing to be divested.

Securities and Exchange Organization will divest 50% plus 1 block shares of North Drilling Company on Tuesday, 30, Nov. 2010. Thus 1,302,702,201 shares of the company will be privatized.