SIMS Schedules Auction of Its West Cement Stake for November
Sahmino Newsroom | 30 October 2026 | 12 days ago
North Cement Company, ticker SIMS, said in an amended disclosure published Wednesday, October 28, 2026 that it plans to auction its stake in West Cement Industries. According to the Codal filing, the sale covers 282,506,566 shares and is scheduled for November 14, 2026 (23 Aban 1405).
The company says the proposed price will be calculated using the share's closing price on the advertisement date plus the premium specified in the auction notice. Announcing a sale is not a completed transaction or a booked disposal gain; the outcome will be known after the auction.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Since this story was published, SIMS rose 1.5 percent, to 22,440 rial.
Over the same days, US Dollar fell 4.1 percent, to 2,599,000 rial.
Over the same days, Tehran Stock Exchange Index rose 4.9 percent, to 8,357,840.
Over the same days, Brent Crude fell 18 percent, to 92.00 dollars.
- SIMS
- +1.5%
- US Dollar
- −4.1%
- Tehran Stock Exchange Index
- +4.9%
- Brent Crude
- −18.2%
Prices to the close of 10 November
More from this market
SIMS Sets Bulk Auction for Its Sanaye Siman Gharb Stake
Stocks | 15 days agoSINA to Raise Domestic Sanitaryware Prices by Up to 12% From 10 Aban
Materials | 11 days agoSSNR Opens Two-Stage Tender for Solar Power Plant Equipment
Materials | 11 days agoTAMI Secures Silica Sand Capacity Permit and Separate Permit for New Plant
Materials | 15 days ago