Middle East Economic Survey


No 22



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...