Iran has transferred 38.048 trillion rials (about $1.102 billion) worth of shares of state-run companies to the private sector during the first ten months of current Iranian calendar year (March 21,2014- January 20, 2015), the IRNA news agency reported on Saturday.
In May 2014, Iran Privatization Organization Director Abdollah Pouri Hosseini said the country would privatize 186 state-run companies in Iranian calendar year 1393 (March 2014-March 2015).
He said that the companies consist of 27 huge companies, 76 large companies, 31 medium companies, and 31 companies of other sizes.
The government has envisioned a large privatization program in the Fifth Five-Year Development Plan (2010-2015), aiming to privatize about 20 percent of state-owned firms each year.
Under the present interpretation of the Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatized.
