Competition for buying Saipa shares continues
On Monday, 13 working days had passed from the initial offering of 18 percent of Saipa car manufacturing company in the Tehran Stock Exchange.
The buyer for the 18-percent block of shares of Saipa which equals 1.872 billion shares has not been determined yet, the Mehr News Agency Reported.
Three brokers are working on the shares and the base price for the shares for Tuesday is 4,309 rials.
In 2007, Supreme Leader Ayatollah Khamenei ordered that government officials speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization.
According to the Fourth Five-Year Socio-Economic Development Plan (2005-2010), the Iran Privatization Organization, affiliated to the Ministry of Economic Affairs and Finance, is responsible for setting prices and offering shares of state-run companies on the privatization list to the general public.