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Namavaran Engineering Land Auction Draws No Bid

Sahmino Newsroom | 8 November 2026 | 3 days ago

CNAPup3.0%2,836rials11 November

International Namavaran Engineering Construction Investment, traded as CNAP, said in a disclosure published on Saturday, November 7, 2026 that its auction to sell a 2,000-square-metre plot received no offer. The notice dates the result to that Saturday and lists the auction participation date as Saturday, October 24.

This is an unsuccessful attempt to sell an asset, not a completed disposal or cash received. The company gave no further plan in the notice for offering the land again.

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, CNAP rose 2.6 percent, to 2,754 rial.

Over the same days, Tehran Stock Exchange Index rose 3.3 percent, to 8,357,840.

Over the same days, US Dollar fell 1.9 percent, to 2,599,000 rial.

CNAP
+2.6%
Tehran Stock Exchange Index
+3.3%
US Dollar
−1.9%

Prices to the close of 10 November

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