Mazandaran Cement Company to go public

Business Materials 3 March 2010 10:57 (UTC +04:00)

A 15.6-percent block of shares of the state-run Mazandaran Cement Company will be offered on the stock market tomorrow.

The block of shares equals 41,274,610 shares, the Islamic Republic of Iran News Network reported Tuesday.

According to Iran''s Fourth Five-Year Economic Development Plan (2005-2010), the Iranian Privatization Organization, affiliated to the Ministry of Economic Affairs and Finance, is in charge of setting prices and ceding shares to the general public and on the stock market.

In 2007, Supreme Leader Ayatollah Ali Khamenei requested that government officials speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization.