Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

IRAN

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...