ID :
146632
Tue, 10/19/2010 - 17:32
Auther :

Shiraz Petrochemical Co. to cede shares on Saturday

TEHRAN, Oct. 19 (MNA) -- A 89-percent block of shares of the state-run Shiraz Petrochemical Company was offered on the stock market as an initial public offering scheme on Saturday.

According to Iran’s Fourth Five-Year Economic Development Plan (2005-2010), the Iranian Privatization Organization, affiliated to the Ministry of Economic Affairs and Finance, is in charge of setting prices and ceding shares to the general public and on the stock market

In 2007, Supreme Leader Ayatollah Ali Khamenei ordered the government officials should speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization.



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