Middle East Economic Survey


No 24



Iran Sells 6% Of Shares In Bank Saderat On Tehran Stock Exchange

The Iranian Privatization Organization (IPO) sold 6% of the shares of state-owned bank Saderat on the Tehran Stock Exchange (TSE) on 9 June. This was the third partial privatization of an Iranian bank in less than four months (MEES, 1 June). State-owned banks are being gradually privatized under an amendment of Article 44 of the Iranian constitution, in a bid to reform Irans...