BAMA Names Winning Bidder for Kayhan Maaden Stake, With Separate Capital Repayment Due

Bama Mining and Industrial, ticker BAMA, said on Saturday, October 31, 2026 that Estahsal Mavad Madani Takht-e Soleyman won its auction for 81% of Kayhan Maaden Apadana with a bid of 121,500 million rials. This advances the auction announcement of 2 Aban (October 24); the notice does not confirm full receipt of the proceeds.

The Codal disclosure says the winner must separately repay 2,713,500 million rials that BAMA paid for shares arising from Kayhan Maaden's capital increase, no later than settlement of the sale price. That repayment is not part of the stake's sale price. A separate related-party disclosure the same day records a shared board member with the buyer, and the company subsequently changed the auction-result disclosure from Group A to Group B.