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DIBZ Takes On Underwriting and Market-Making for Badr Shargh Petrochemical Sukuk

Sahmino Newsroom | 29 October 2026 | 13 days ago

DIBZup0.2%2,886rials11 November

Damavand Investment Bank, trading as DIBZ, said in a Codal filing on Wednesday, October 28, 2026 that it accepted underwriting and market-making obligations for Badr Shargh Petrochemical's lease sukuk in Chabahar. The stated commitment is 4,000,000 million rials and the bonds carry a 23% annual provisional coupon. Damavand stated total service income of 2,251,200 million rials, with the market-making portion to be recognised over the service period. The principal amount of the bonds is not the investment bank's income.

Reference:CodalThe original report

Sahmino context

What the prices have done since this story was published, and what Sahmino wrote around it

Since this story was published, DIBZ rose 7.0 percent, to 2,879 rial.

Over the same days, Tehran Stock Exchange Index rose 4.9 percent, to 8,357,840.

Over the same days, US Dollar fell 4.1 percent, to 2,599,000 rial.

DIBZ
+7.0%
Tehran Stock Exchange Index
+4.9%
US Dollar
−4.1%

Prices to the close of 10 November

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