Petrochemical Shazand, the subsidiaries of Bank Melli Iran was transferred

In line with the emphasis of the Supreme Leader and the policies of the thirteenth government regarding the withdrawal of banks from ownership, Bank Melli Iran transferred 51.32% of Petrochemical Shazand’s shares.

According to BMI public relations, 51.32% of Petrochemical Shazand’s shares, valued at 250 trillion Rials, were transferred through a transparent cash transaction within the framework of Tehran Stock Exchange regulations to a qualified buyer.

This transfer is an important step in the country’s banking network towards divestment, reducing banks’ monopoly, and implementing…