The new funding was secured with advisory support from Kharazmi Capital Management Co., and follows prior approval for the issuance of 10 trillion rials in Ijarah sukuk (Islamic lease securities). The capital increase will be carried out through a rights exclusion offering authorized by Iran’s Securities and Exchange Organization (SEO).
The share offering is expected to be conducted soon in Tehran’s professional capital market.
The Arghavan Gostar project, which is nearing completion with 97% physical progress, includes a polypropylene unit with an annual production capacity of 150,000 tonnes. The facility is expected to come online in the coming months, contributing significantly to Iran’s petrochemical output.
This round of financing marks a key step toward the launch of a strategic national project aimed at expanding the country's value-added petrochemical capacity.