New Cluster of ‘Justice Shares’ Is Not Free
EghtesadOnline: As per the plan, 1.7% of government shares in Bank Saderat, 4.1% in Bank Mellat, 3.1% in Bank Tejarat, 3% in IRISL and 6.7% in PGPIC will be allotted under the new initiative.
The government will give its shares in five major companies to the people who were unable to receive the so-called Justice Shares when they were first distributed in 2007.
The Iran Privatization Organization is tasked to transfer the remaining shares of the government in Bank Saderat, Bank Mellat, Tejarat Bank, Islamic Republic of Iran Shipping Line and Persian Gulf Petrochemical Industries Group to Iranians who did not receive the shares in the past and are under the umbrella of the two main charities -- the Imam Khomeini Relief Foundation and State Welfare Organization of Iran, ISNA reported.
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