EghtesadOnline: Residue shares of the government in four major refineries and some state-run companies are to be sold to three semi-private banks, it was decided at a Cabinet meeting in Tehran on Sunday.
EghtesadOnline: The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget.
EghtesadOnline: The Iranian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf of the National Iranian Oil Refining and Distribution Company.
EghtesadOnline: Social Security Investment Company, the investment arm of the Social Security Organization (SSO), will offer 5% of its stake on the stock market, the SSIC managing director said.
EghtesadOnline: In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds.
EghtesadOnline: Iranian Internet service provider HiWeb has acquired a 23% share in the country’s fourth communications operator Iranian Net.