Bank Gardeshgari Sells Its Entire 29.7 Percent Stake in Gostaresh Sanaye va Maadan Mahan

Bank Gardeshgari (ticker Vagardesh) said in a Group A material disclosure on Codal that on Monday, September 22, 2026 (31 Shahrivar 1405), it sold its entire 29.748% stake in the unlisted Gostaresh Sanaye va Maadan Mahan to Pishro Keyfiat Hamrah (a private joint-stock company). The sale price was 39,762 rials per share, and the total transaction value was about 190.6 thousand billion rials (190,593,838 million rials).

According to the same filing, the book cost of the shares was about 90.3 thousand billion rials, and the gain on disposal after transfer costs is about 100.1 thousand billion rials. The bank's ownership of the company fell to zero after the deal. The bank said the sale was made to comply with Article 16 of the Law on Removing Barriers to Competitive Production, which requires banks to exit non-banking enterprises, and to avoid the penalties in Article 17 of that law. The filing, published on September 23, 2026 (1 Mehr 1405), is an amended version of an earlier disclosure.