Bank Saderat Iran Privatized

Bank Saderat Iran on 9 June 2009 joined to private banks of the country by offering six percent of its shares on Tehran Stock Exchange.
Public Relations of Bank Saderat Iran reports: according to the Supreme Leader order in 2007 on the necessity of speeding up economic privatization, Bank Saderat Iran has been included on this agenda as the main target. The required documents have been prepared and submitted to the competent authorities and finally Bank saderat Iran has been admitted as the 450th company on Tehran Stock Exchange and permitted to offer its shares under <Web Sader> icon. Authorities of Bank Saderat Iran held some introductory ceremonies in Dubai, London and Tehran on 13, 15 and 17th June.
It was reported that six percent of Bank Saderat Iran shares equal to 1,008,180,000 shares was offered at 9am on 9th June by Tehran Stock Exchange through 511 dealing stations, 87 brokerage companies across the country as well as 17 joint investment funds which were sold only in six minutes.
It should be also mentioned that the capital of Bank Saderat Iran is Rls.16803 billions and offering its shares in Stock Exchange makes it the largest private bank of the country and the second valuable company on Tehran Stock Exchange.