NOVN Brokerage Stake Auction Ends Without a Bid

Bank Eqtesad Novin, traded as NOVN, said in a Codal notice on Sunday 25 October 2026 that its auction of a 40% stake in its brokerage subsidiary, comprising 399,980,000 shares, ended without any individual or corporate bidder. The offered terms required 60% cash payment and the balance in instalments over three years. The disclosure reports a sale that did not take place, not realised proceeds from an asset disposal.