Bank Melli Iran's New Step in Exiting Enterprise Ownership: Shares of Nouran Bama Energy to Be Sold

Bank Melli Iran plans to sell 47.15% of the shares of Nouran Bama Energy (a private joint-stock company) through a second-round nationwide auction.

This bank intends to offer more than 75 billion (75,503,954,804) shares, equivalent to 47.15% of the total shares of Nooran Bama Energy Company (private shares) through the second round of nationwide auction. This auction started at 10:00 AM on Sunday, October 12, and will continue until 19:00 on Saturday, November 2, 1405 through the government's electronic procurement system (Iran Headquarters).

The said shares will be offered in lump sum and cash or cash and installments, with a base price of 2,814 Rials per share and a total of more than 212 thousand billion Rials (21 Hamats). The conditions of handing over include payment of 30% of the transaction amount in cash and the remaining payment over a period of five years in the form of 20 equal quarterly installments.

The installments will be calculated at the interest rate approved by the Supreme Board of the Central Bank, which is currently 23%. Other terms and conditions of handing over will be in accordance with the commitment letter of the company in the auction and the terms and conditions of National Bank of Iran. The deadline for receiving the auction documents is from 10:00 am on 12 October 1405 to 19:00 on 21 October 1405.

Also, applicants can register their proposals in the system from 10:00 am on October 12 to 19:00 on November 2, 1405.

Opening of electronic envelopes will be done at 10:30 am on Sunday, November 3, 1405. Therefore, it is not possible to participate in the auction without receiving the auction documents; Therefore, applicants should receive them through the government's electronic procurement system (Iran headquarters) before the deadline for receiving documents. Applicants' qualifications will be announced after checking and approval by the National Bank of Iran, and participating in the auction and submitting proposals will not create any rights for the participants.

Applicants can do the following to get more information:

SMS: Send number 11 to number 10004885

National Bank of Iran website (www.), tender and auction section, "second round nationwide auction of shares of Nooran Bama Energy Company or refer to the government's electronic procurement system (Iran headquarters), auction section of the executive body, auctioneer (auction number 1005091218000005, movable property).