Iran has transferred 38.471 trillion rials (about $1.127 billion) worth of shares of state-run companies to the private sector since the beginning of current Iranian calendar year (March 21, 2014) until February 13, 2015, the Mehr News Agency reported on Sunday.
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.
