Tabriz Oil Refining Company has announced the sale of a total of 407,389,001 shares in Tabriz Petrochemical Company, equivalent to 8.2% of the company's equity, at Rial 65,000 per share. The transaction is expected to generate Rial 24.8 trillion) in profit for the refinery.
According to Petrochemiha, on October 28, 2026, 135,796,334 shares in Tabriz Petrochemical were sold through a public offering on the Tehran Stock Exchange. On the same date, another 271,592,667 shares were transferred for offering to the market-making fund. The announced price for both transactions was Rial 65,000 per share.
According to the disclosure report, the total number of shares sold by Tabriz Oil Refining Company reached 407,389,001, equivalent to 8.2% of Tabriz Petrochemical's total shares.