IPO offers 5% shares of Saderat Bank

March 7, 2011 - 0:0

TEHRAN –- Five percent stocks of Saderat Bank will be offered in Tehran Stock Exchange by the Iran Privatization Organization on March 12.

The Mehr News Agency reported that the five percent stocks are equal, in number, to some 840 million shares. In June 2010, another 5 percent stocks of the bank were sold on the stock market.
So far, 16.8 billion shares of the bank have been offered.
In 2007, Supreme Leader Ayatollah Ali Khamenei ordered that government officials to speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization