Bank Eqtesad Novin Plans Auction of Novin Insurance Stake
Sahmino Newsroom | 8 November 2026 | 3 days ago
Bank Eqtesad Novin, traded as NOVN, said in a filing published on Saturday, November 7, 2026 that it and three other entities plan to auction a combined stake in Novin Insurance for cash on Farabourse's second market. The block comprises 2,017,838,082 shares, equal to 40.35% of the insurer, with the auction set for Sunday, November 22, 2026.
The bank links the divestment to legal requirements on selling nonbank assets. This is an auction notice, not a report of a buyer, final sale price or realised proceeds for NOVN.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Since this story was published, NOVN rose 5.4 percent, to 3,680 rial.
Over the same days, Tehran Stock Exchange Index rose 3.3 percent, to 8,357,840.
Over the same days, US Dollar fell 1.9 percent, to 2,599,000 rial.
- NOVN
- +5.4%
- Tehran Stock Exchange Index
- +3.3%
- US Dollar
- −1.9%
Prices to the close of 10 November
From Sahmino that week
HELZ: The Sahmino Desk's Buy Pays at Least Its Risk Only Below 59,769 Rials, Against a 63,373 Target and a 56,165 Stop (Sunday 8 November 2026)
Article | 8 November5 Habits of Successful Investors, With Five Real Numbers; the Last One: Profit Up 20.8 Times, Cash 10.2% (Sunday, November 8, 2026)
Article | 8 NovemberBoard change at TBAN
Calendar | 8 NovemberNovin Tamin Sarmayeh Company (Public Joint Stock) raises stake in ROSE to 1.15%
Calendar | 8 November
More from this market
Bank Eqtesad Novin Announces New Auction of Investment-Company Shares
Stocks | 2 days agoBank Eqtesad Novin Announces Auctions to Sell Its Entire Investment Subsidiary and Part of Its Brokerage
Stocks | 28 days agoBank Pasargad Plans Another Pasargad Insurance Stake Auction After Earlier Sale Drew No Bids
Stocks | 9 days agoNOVN Brokerage Stake Auction Ends Without a Bid
Stocks | 17 days ago