RoydadNaft –  In line with the emphasis of the Supreme Leader and the policies of the thirteenth government regarding the withdrawal of banks from ownership, Bank Melli Iran transferred 51.32% of Petrochemical Shazand’s shares.

According to BMI public relations, 51.32% of Petrochemical Shazand’s shares, valued at 250 trillion Rials, were transferred through a transparent cash transaction within the framework of Tehran Stock Exchange regulations to a qualified buyer.

This transfer is an important step in the country’s banking network towards divestment, reducing banks’ monopoly, and implementing resistance economy policies.

It is to be said that Tehran Refinery Company, trading under the symbol Shetaran on the stock exchange, in which 70% of its ownership is in the hands of Edalat Shares, has taken steps to purchase shares from Bank Melli Iran’s stake in Petrochemical Shazand. As a result, 47 million shareholders of Edalat Shares will benefit from the divestment of Petrochemical Shazand.