Negin Iranian Financial Economic Group (ونگین) doubles its share capital.
According to the Public Relations department of Negin Iranian Financial Economic Group, the company’s Extraordinary General Assembly was held on Sunday, October ۱۲, ۲۰۲۵ (۱۴۰۴/۰۷/۲۰). Following a decisive vote by the shareholders, a ۱۰۰% capital increase was officially approved.
Based on this resolution, “ونگین” capital will see a significant leap, rising from ۱۰,۵۰۰ billion Rials (۱,۰۵۰ billion Tomans) to ۲۱,۰۰۰ billion Rials (۲,۱۰۰ billion Tomans). This capital increase is to be fully funded through the company’s retained earnings.
The primary objectives of this increase are to restructure the financial framework and improve the company’s financial ratios, thereby smoothing the path for future development and project execution. This strategic move aims to elevate “ونگین” financial standing and enhance its competitive edge within the capital market.
Please note that the final implementation of this capital increase is subject to official registration with the Companies Registration Office.