Tamin Sarmayeh Kardan Takes Underwriting and Market-Making Commitments for Kangan Petrorefining Notes

Tamin Sarmayeh Kardan, ticker KRDN, disclosed on Wednesday, October 14, 2026, that it had accepted underwriting and market-making commitments for Kangan Petrorefining's standard parallel salam notes. The Codal form puts the underwriting commitment at 4,000,000 million rials and the market-making commitment at 60,000,000 million rials; the notes mature on October 16, 2028 (25 Mehr 1407).

Those sums are contractual commitments, not earned company income. In its October 14 disclosure the company separately listed an underwriting fee of 50,000 million rials and market-making fees of 14,382,000 million rials over a two-year period.