TCCIMA head calls on government to increase IPOs in stock market

TEHRAN- The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) called on the government to increase the number of initial public offerings (IPOs) in the country’s stock exchange, IRNA reported on Tuesday.

By Mahnaz Abdi

ETFs to speed up privatization, support ordinary investors

On May 2, the Tehran Stock Exchange (TSE), which is the main stock exchange of Iran, listed the first exchange-traded fund (ETF) from a series of three ETFs, through them shares of some state-owned organizations and companies are planned to be offered.

Shares of CSPO’s 20 companies to be offered at stock exchange

TEHRAN- Shares of 20 companies affiliated to Iran’s Civil Servants Pension Organization (CSPO) will be offered at the country’s stock exchange by the end of the current Iranian calendar year (March 20, 2021), head of the organization announced on Wednesday.

Privatization should spur productivity, not just collect capital: expert

TEHRAN - Earlier on Sunday, Government spokesperson Ali Rabiei announced that the shares of four refineries, namely Isfahan, Tabriz, Bandar-Abbas, and Tehran, were due to be offered at Tehran Stock Exchange (TSE) on June 21.

By Mahnaz Abdi

Privatization to materialize ‘Surge in Production’

TEHRAN- The current Iranian calendar year (began on March 20) is named the year of “Surge in Production” by the Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei.

Transferring shares of state-run companies should be expedited: Rouhani

TEHRAN- Iranian President Hassan Rouhani instructed the country’s Finance and Economic Affairs Minister Farhad Dejpasand that the process of divesting state shares should be expedited, IRNA reported.

Over $309m of state-run shares divested in H1

TEHRAN- Iranian Privatization Organization (IPO) has offered just 13 billion rials (about $309.5 million) of state-run shares to the private sector during the first half of the current Iranian calendar year (March 21-September 22), IRIB reported.

Privatization methods should be amended: fin. min.

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government should amend its policies and methods of setting the prices and transferring the shares in the process of privatization, IRIB reported.

‘Shares of some large state-run companies to be divested in coming days’

TEHRAN- Iranian Privatization Organization (IPO) will offer shares of some large state-run companies to the private sector in the coming days, the organization head announced on Monday.

Telecommunications Infrastructure Company to boost privatization

TEHRAN – The Telecommunications Infrastructure Company is preparing a strategy document by the next two months aimed to fight monopoly and strengthen privatization, Mehr reported on Monday.

Next year’s budget bill estimates privatization at $1.19b

TEHRAN- The national budget bill for the next Iranian calendar year 1398, which starts on March 21, 2019, has envisaged transferring 50 trillion rials (about $1.19 billion) worth of state-run shares to the private sector, Mohammadreza Pour-Ebrahimi, the chairman of the Parliament Economic Committee, told IRNA on Tuesday.

Privatization envisaged in budget law achieved by 60%: IPO head

TEHRAN- Some 60 percent of the target for divesting state-run shares to the private sector envisaged in the budget law for the present Iranian calendar year (began on March 21) has been already achieved, according to the head of Iranian Privatization Organization (IPO).

630 enterprises to be privatized by March 2019

TEHRAN- The shares of 630 Iranian enterprises are planned to be transferred to the private sector by the end of current Iranian calendar year (March 20, 2019).

By Mahnaz Abdi

Companies management should be revised in privatization

Downsizing the government has been an economic agenda of the countries with a centrally planned economy in the recent century. 

State-owned shares worth over $110m to be divested by late March

TEHRAN- Transfer of the state-run shares to the private sector during the two-month period ending on the last day of current Iranian calendar year (March 20, 2018) will reach 5 trillion rials (about $110.37 million), according to the head of Iranian Privatization Organization (IPO).

Nearly $90m of state-owned shares divested in 10 months

TEHRAN- Iranian Privatization Organization (IPO) has transferred 4.054 trillion rials (about $89.59 million) worth of the state-run shares to the private sector during the ten-month period ended on January 20, Tasnim news agency reported on Monday.

By Mahnaz Abdi

Factors slowing down privatization in Iran

The law on implementation of the general policies of the Article 44 of Iran's Constitution on privatizing state-owned companies was declared in 2006 in a bid to downsize the government and promote the private sector’s role in the national economy.

Over $419m of state-owned shares to be divested in a week

TEHRAN- Iranian Privatization Organization (IPO) will transfer 13.6 trillion rials (above $419 million) worth of the state-run shares to the private sector during the last week of Farvardin, the first month of the newly started Iranian calendar year 1396 (April 17-23).