National Iranian Copper Industries (MSMI) Board Proposes a Retained-Earnings Capital Increase to Fund Development Projects

The board of National Iranian Copper Industries Co. (ticker MSMI) proposed on 8 November 2026 (17 Aban 1405) raising its capital from 1,440,000,000,000,000 rials to 2,404,800,000,000,000 rials from retained earnings, an increase of 67 percent. According to the justification report published on Codal under tracing number 1630610, it is intended to fund part of the resources needed to complete development projects under way. Boursenews also reported the board's proposal.

Retained earnings, not shareholder cash contributions, would fund the proposal. The board has sent the report to the auditor and statutory inspector for their opinions, and the inspector's opinion will be announced later. The capital increase is not yet final and needs approval from the Securities and Exchange Organization and an extraordinary general meeting.