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.
Contents
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]
- 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
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:
- Financing and underwriting services
- Financial services
- Asset management
