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IPO to offer more shares of state companies next year 03 Mar 2020

IPO to offer more shares of state companies next year

Head of Iran Privatization Organization (IPO) said on Tuesday that the body plans to continue offering state-run companies' shares to the private sector next year.

Saudi Crown Prince Permitted Aramco IPO 02 Nov 2019

Saudi Crown Prince Permitted Aramco IPO

TEHRAN (Iran News) – Saudi Crown Prince Mohammed bin Salman finally gave the go-ahead for the initial public offering of Aramco. The crown prince made the decision of Aramco IPO at a meeting he chaired on Friday and an official announcement is likely as soon as Sunday, according to people familiar with the matter, who […]

Containerization in need of investments 14 Feb 2018

Containerization in need of investments

TEHRAN- Iran owns 229 container ships, which contributes to 1.1 percent of the global capacity, but containerization is in dire need of attracting investments, Mohammad Rastad, head of Iran’s Ports and Maritime Organization (IPO), stated. Making the remarks in the 25th Conference of Coordinating Marine Organizations of Iran on Tuesday, the official said: “Some 145 […]

Nearly $90m of state-owned shares divested in 10 months 30 Jan 2018

Nearly $90m of state-owned shares divested in 10 months

TEHRAN- Iranian Privatization Organization (IPO) has transferred 4.054 trillion rials (about $89.59 million) worth of the state-run shares to the private sector during the ten-month period ended on January 20, Tasnim news agency reported on Monday. The government envisioned a large privatization program in the Fifth Five-Year National Development Plan (2010-2015), aiming to privatize about […]

Over $30m of state-owned shares divested since March 04 Sep 2017

Over $30m of state-owned shares divested since March

TERHRAN- Iranian Privatization Organization (IPO) has transferred 1.174 trillion rials (about $30.21 million) worth of the state-run shares to the private sector since the beginning of the current Iranian calendar year (March 21, 2017). IPO plans to transfer the shares of some 337 state-run companies to the private sector by the current Iranian calendar yearend […]