Fundamental Tasks and Duties

- To issue the suitable approaches for prompt and facile access to development of general partnership for materialization of efficiency promotion and increment of material and human resources efficiency and development of capabilities of private and cooperative sectors and its submission to High Commission of Divestiture and other concerned authorities. - Procurement by proxy in divesting the shares of state companies which their duties have been determined based on related rules and regulations

- Price fixation and offering and assignment of the shares of qualified companies for divesting according to the approved time scheduled plan

- Execution of the determined policies by High Commission of Divestiture

- To perform any suitable operations and services for execution of plan for divesting the shares and management of governmental companies , and privatization in context of rules and regulations

- Supervision on exact execution of the provisions of the contracts concerning divesting, management and lease and to perform the affairs entrusted to the organization according to the contracts.

- To perform any other tasks and duties for divesting the shares and privatization that is borne to the organization in context of ۵-year Development Plans.

Former Financial Organization for Promotion of Ownership of Production Unit

The Financial Organization for Promotion of ownership of Production Units.

which has been determined as Privatization Organization in Islamic Republic of Iran ۳rd Development , Economic , Social and Cultural ۵ Years Plan , was established in ۱۹۷۵ as a governmental company affiliated to the Ministry of Economic Affairs and Finance based on note ۴ Singled Article Act for expansion ownership of entities. It has commenced its activities notably aimed on sharing the workers in factories ownership by granting the credit and facilities and to perform any measures led to development of the manufacturing units ownership all over Iran.