Middle East Economic Survey


No 12



Bank Saderat Shares Offered On TSE

Shares amounting to 5% of the equity of Irans Saderat Bank were offered by the Iran Privatization Organization (IPO) on the Tehran Stock Exchange (TSE) on 12 March, according to Mehr News Agency. This 5% allocation was reportedly equivalent to some 840 million shares and is the second such offering of Bank Saderat shares after another 5% was sold on the TSE in June last year. This move comes after...