Mellat Investment Bank

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.[1]

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).[2]

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.

Corporate governance

Ali Ghasemi Armaki is the Director 2011–present

Organization

Mellat Investment Bank is organized in three business units:

See also

References

  1. "Mellat Investment Bank". http://www.mellatib.com/. Retrieved 29 July 2015. External link in |website= (help)
  2. "Security Exchange Organization". http://en.seo.ir. Retrieved 29 July 2015. External link in |website= (help)

External links

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