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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Market Moves more

Iran privatises $63bln equity

Posted on 30 November 2009

From Gulf-daily-news.com: Iran said yesterday that it has privatised $63 billion worth of government equity in state-owned firms, meeting half of the target currently set as part of its privatisation drive.

Gholam Reza Heydari Kord Zanganeh, head of the state-run Privatisation Organisation, said the divestment cut the government’s part of the gross domestic produce to around 45 per cent from 60pc before the programme…………………………..Full Article: Source

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