PGPIC (Persian Gulf Petrochemical Industries Co.): It was one of the major state owned companies until the government started privatization six years ago. Now it is a public company, and based on the law, people can buy its shares in the Iran Stock market. PGPIC sale was over 8.9 Billion Dollars* last year.
Esfahan Oil Refining Company: it is placed as the second best company with over 8.7 Billion Dollars in sales last year. So far, just 5% of its share has been sold to private sectors through stock market and rest of it still owned by different government organizations.
Bank Melli Iran (BMI): it is the biggest state own bank in Iran. BMI sales were 8.5 Billion Dollars last year.
Bandar Abbas Oil Refining Company: it is one of Iran’s nine refinery companies and it’s located in the south of Iran by the Persian Gulf. This is a public company, but most of it shares are owned by government organizations. It made over 7.6 Billion Dollars last year in sales.
Persian Oil& Gas Development Company (POGDC): It is a quite young company with just eight years since its establishment. POGDC is a public company although just little bit over 10% of its shares hold by private sectors and the rest are owned by state sectors. PODCS made 7 Billion Dollars in sales last year.
Persian Bank: It is one of the biggest non- government banks in Iran. Unlike most of the top ten companies, the majority of the Persian Bank shares are owned by private sectors, which buy its shares in the stock market. Persian Bank made 6.3 Billion Dollars last year in sales.
Iran Khodro: it is the biggest car manufacturing company in the Middle East. It was established in 1963 and became nationalized after Islamic Revolution in Iran in 1979 but now it is a public company. Iran Khodro made almost 6.2 Billion Dollars in sales last year.
Tehran Oil Refining Company (TORC): It is a public company with 5.8 Billion Dollars in sales last year.
Melat Bank: It is the third biggest bank in Iran and it was established in 1980. Melat bank is a public company with more than 5.5 Billion Dollars in sales last year.
Tejarat Bank: it was established in 1980 by combining eleven banks together. Tejarat bank is a public company and it made over 4.3 Billion Dollars in sales last year.