Decade old share freeze on Chimibaft lifted as PIIC closes legacy legal case

Mohammad Hossein Saber, CEO of Petrochemical Industries Investment Company (PIIC, ticker Vapetro), announced on Monday, August 17, 2026, that one of the company's longstanding legal cases, pending for about a decade, has been resolved. He said the freeze on shares of Chimibaft, one of PIIC's key holdings, was lifted following the finalization of the legal process.

Saber said clearing the Chimibaft share freeze removes one of the legal obstacles to pursuing plans related to the company's presence in the capital market. He also announced PIIC's annual general meeting will be held on August 22, 2026 (31 Mordad 1405). The announcement was issued by PIIC's public relations office and carried by BoursNews.