5% stocks of Saderat Bank, equivalent to 840,150,000 shares, will be offered at Tehran Stock Exchange on December 11.
According to Iran's Fourth Five-Year Economic Development Plan (2005-2010), the Ministry of Economic Affairs and Finance is in charge of setting prices and offering shares to the general public on the stock market.
In 2007, Supreme Leader Ayatollah Ali Khamenei ordered that government officials to speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization.