The agreement was signed during a meeting between PGPIC CEO Mohammad Shariatmadari and Refah Bank CEO Esmaeil Lalehgani, attended by senior executives from both organizations.
Shariatmadari highlighted PGPIC’s position as the country’s largest industrial group, noting that the company currently has nearly USD 12 billion worth of projects under development. “Financing these projects offers a significant opportunity for the banking sector to engage in strategic industrial growth,” he said.
Lalehgani expressed Refah Bank’s readiness to invest in and finance PGPIC’s semi-finished projects, stating: “In the first phase, our financing plan will prioritize the Gachsaran Polymer and Dehdasht Petrochemical plants. Additionally, we are keen to participate in other PGPIC projects nearing completion.”
The MoU sets the stage for closer collaboration between the industrial and banking sectors, aiming to accelerate the completion of strategic petrochemical projects that are expected to bolster Iran’s production capacity and export potential.