IPO Has Reservations About Gov’t Divestment Success

Head of the Iranian Privation Organization is skeptical about the government’s ability to realize projected income from selling its shares in state-owned companies as forecast in the March 2022-23 budget. 
As stipulated in the budget, the Raisi administration expects to generate 710 trillion rials ($2.4 billion) from selling shares in several state entities.
Recalling the poor performance in monetizing the remaining stake in listed companies in this calendar year, Hossein Qorbanzadeh said the “government’s projected income next year will likely not be realized.”