Bama Mining (BAMA) Opens Auction for Controlling Stake in Kayhan Maaden Apadana

Bama Mining and Industrial, ticker BAMA, announced on Codal on Saturday, October 24, 2026 a public auction to sell a block of 121,500,000 shares in Kayhan Maaden Apadana, equal to 81% of the company, in a single lot. The filing announces the auction, not a completed sale or cash receipt.

If completed, this divestment would transfer control of the subsidiary. The published disclosure names neither a winning bidder nor a final sale price. The proposed transaction is separate from a guarantee of Kayhan Maaden's bills disclosed earlier by another company. Bama's notice has tracing number 1618678.