Mellal Credit Institution (ASKZ) Settles 14,448 Billion Rials of Related-Party Loans With Share Transfers and Trims Its Loss by 7,059 Billion

Mellal Credit Institution (ASKZ) said in an amended Group B disclosure on Codal on Saturday, 7 November 2026 (16 Aban 1405) that by taking over Tose'e Eghtesad Mellal Group's shares in three companies, Pichab Kavosh, Gostaresh Energy Mellal and Pars Kadous Food Industries, it has collected 14,448 billion rials (about 1,445 billion tomans) of receivables from related parties. It says 7,059 billion rials (about 706 billion tomans) of loan income was recognised on this and its loss was cut by the same amount, to be reflected in its financial statements.

The institution acknowledges in the same notice that acquiring these assets falls under the limits in Articles 16 and 17 of the law on removing barriers to competitive production and breaches its supervisory ratios; it hopes to sell them within the legal deadlines under the restructuring plan submitted to the Central Bank and the securities regulator. The improvement recognised is an accounting income and does not represent cash received.