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Valenovin Receives 1,000,000 Million Rial Facility From Major Shareholder Bank Eghtesad Novin

22 September 2026 · 15 days ago

VALEup3.0%3,490rials6 October
Tehran Stock Exchange trading floor

Tehran Stock Exchange trading floor

Source: ecoiran.com

Valenovin Investment Company (symbol Valenovin) disclosed in a group B material disclosure published on Codal on Monday, September 21, 2026 (30 Shahrivar 1405) that it received a bank facility worth 1,000,000 million rials from Bank Eghtesad Novin. Bank Eghtesad Novin, which holds a 76.2 percent direct and indirect stake tied to the interested party in this transaction, is both a major shareholder and a board member of Valenovin. The transaction is dated September 21, 2026 (30 Shahrivar 1405), and its value equals 14.47 percent of the company's total sales revenue in the prior fiscal year and 4.09 percent of its total assets. According to the filing, the facility will be repaid in installments to Bank Eghtesad Novin.

Source:CodalThe source text

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