KICZ Fails to Win Controlling Stake in Rishmak
Sahmino Newsroom | 8 November 2026 | 4 days ago
Kimiagaran Emrooz Chemical Industries, traded as KICZ, said in a filing published on Saturday, November 7, 2026 that its bid for a controlling stake in Rishmak Production and Export had not produced a successful outcome. The offered block comprised 343,319,686 shares, or 34.33% of Rishmak, and the auction meeting took place on Wednesday, November 4.
KICZ said the organisers examined and assessed the bids, but the company did not secure a final result. The notice does not identify a buyer or a winning price, and does not establish that KICZ acquired the Rishmak shares.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Since this story was published, KICZ rose 9.2 percent, to 17,680 rial.
Over the same days, Tehran Stock Exchange Index rose 4.2 percent, to 8,427,304.
Over the same days, US Dollar fell 0.3 percent, to 2,640,700 rial.
- KICZ
- +9.2%
- Tehran Stock Exchange Index
- +4.2%
- US Dollar
- −0.3%
Prices to the close of 11 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)
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Calendar | 8 November
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