Middle East Economic Survey
Iran About To Privatize Third State Bank
Following the partial privatization of Bank Mellat and Bank Tejarat, the Iranian Privatization Organization (IPO) has decided to offer a small tranche of the shares of Bank Saderat on the Tehran Stock Exchange (TSE) within the next month, the IPO head Gholamreza Kord-Zanganeh announced on 21 May. Bank Mellat offered 5% of its shares on the TSE some three months ago and Bank Tejarat sold 6% on the...
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