According to the announcement from the Securities
and Exchange Organization, the shares will be offered at the prevailing market
price at the time of the transaction, in accordance with the regulations
governing block trades on the exchange.
The directive, issued by Minister of Economic
Affairs and Finance Seyed Ali Madani Zadeh, was sent to relevant government
bodies including the Ministry of Justice, the Iran Chamber of Commerce,
Industries, Mines and Agriculture, the Iran Chamber of Cooperatives, the
Parliament, the Planning and Budget Organization, and the Competition Council.
The move is intended to accelerate the sale of
government-owned shares in the company and facilitate cash-based transactions
as part of broader privatization efforts.