Final Ruling Favours Arvand Petrochemical (RVND): Petrochemical Commercial Company Ordered to Pay 61.5 Million Dirhams, $741,000 and 148 Billion Rials
Sahmino Newsroom | 11 November 2026 | 3 days ago
Arvand Petrochemical (RVND) said in a Group A disclosure (tracing number 1632726) published on Codal on Wednesday 11 November 2026 that a final court ruling has gone in its favour in its claim against Petrochemical Commercial Company.
According to the disclosure, the case was filed on 20 June 2024, the court of first instance ruled on 10 March 2026, and the final ruling, dated 4 November 2026, was served on 8 November 2026. Under the ruling, Petrochemical Commercial Company must pay Arvand 61,522,149 dirhams, $741,196 and 148,165 million rials. The disclosure does not say when the sums will be collected or what they will mean for the company's earnings.
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Sahmino's reading
The disclosure appeared at 16:05, after the session had ended. RVND closed the 11 November session at 75,740 rials, 2.88% below the prior close (data read at 19:30), so the market's first reaction to the ruling comes in the Saturday 14 November session.
Over the same days, Tehran Stock Exchange Index fell 0.9 percent, to 8,354,036.
Over the same days, US Dollar rose 1.1 percent, to 2,669,000 rial.
- Tehran Stock Exchange Index
- −0.9%
- US Dollar
- +1.1%
Prices to the close of 14 November
From Sahmino that week
Dividend payment: TRNS
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