Source: Mehr News Agency, Tehran

Shares of the two major Iranian carmakers, Iran Khodro and Saipa, are to be offered to the public by June 20, the Iranian Privatization Organization deputy director announced here on Sunday.

Peugeot 207i by Iran Khodro

The Mehr News Agency quoted Esmaeil Gholami as saying that shares of over 160 government organizations will be sold by the mentioned date.

Dana Insurance will be also among the large companies which are on the privatization list, the official added.

SAIPA's Saba GLXI

In 2007, Supreme Leader Ayatollah Khamenei requested 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.

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