|Pouri Hosseini appointed Iran Privatization Organization head||
TEHRAN – Ali Ashraf Abdollah Pouri Hosseini has been appointed as the new head of Iran Privatization Organization.
He replaced Mohammad Rahim Ahmadvand, according to the Mehr News Agency.
Pouri Hosseini has already served as the head of the organization during 2004-2005.
Iran has transferred over 130 trillion rials (about $5.2 billion based on the Tehran Forex Center’s U.S. dollar exchange rate of 24,800 rials) worth of shares of state-run companies to the private sector in the first four months of the current Iranian calendar year (March 21-July 22).
The shares were owned by 25 state-run companies, the Privatization Organization of Iran said in a press release.
The government has envisioned a large privatization program in the Fifth Five-Year Development Plan (2010-2015), aiming to privatize about 20 percent of state-owned firms each year.
In line with Article 44 of the Iranian Constitution, hundreds of state-owned companies have been privatized with some of the shares being earmarked for distribution among ‘deprived’ classes, such as farmers and workers.
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