Mellat Investment Bank

Updated on Jan 09, 2024

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Founded 2011

Mellat Investment Bank, also known as MellatIB (Persian: تامین سرمایه بانک ملت‎‎, Tamin Sarmayeh Bank Mellat) is an Iranian investment banking firm based in Tehran. The bank offers investment banking services. Mellat Investment Bank is a private joint stock company.

It is regulated by the country’s Securities and Exchange Organization (SEO) as part of the government's economic reform of the banking system.

History

Its initial capital was 1 trillion Rials. Its capital increased to 2.5 trillion Rials in May 2015. Mellat Investment Bank formed after it obtained its permit from SEO on 30 August 2010.

The bank began operations on January 18, 2011. The company held seminars and conferences regarding Islamic financing systems such as Sukuk.

The Islamic Financial Services Board (IFSB) admitted Mellat Investment Bank into its membership in 2014.

Operations

MellatIB provides financing and underwriting services. It helps with public offering of equity Islamic "debt" instruments including different kinds of Sukuk).

Advisory services–Financing optimization, securities issuance, valuation, initial public offerings, securities assignment, risk management, exchange listings, mergers and acquisitions, restructuring, development, improvement, planning, budgeting and security pricing

Marketing and managing securities assignment

Administering listing

Permits for offerings

Designing and offering financial instruments

Mutual funds and other funds

Brokerage

Broker-dealer

Asset management

Market making

Drawing support for security underwriting

Obtaining credit and financial resources

Issuing, confirming and accepting bills of guarantee

Shareholders

The Mellat Financial Group is the largest shareholder. Other major shareholders include Bank Mellat, Bank Mellat Brokerage Company, Mellat Leasing Company, Mellat Exchange Company, and Tadbirgaran Behsaz Mellat Company.