This move aligns with national goals to stimulate investment in production and complete strategic unfinished projects. Mohammad Shariatmadari, CEO of PGPIC, announced that this achievement is part of the company’s broader plan to unlock financial resources for completing high-priority projects. “In line with the Supreme Leader’s declaration of 1404 [2025] as the year of ‘Investment for Production’, PGPIC has launched several initiatives to secure funding for production-driven investments,” he said.
Shariatmadari noted that the recent sale of Arzesh Mandegar Company, valued at over 380 trillion rials, is another key measure undertaken to mobilize capital. “The entire proceeds from this sale will be allocated to the completion of priority projects with significant progress already made,” he added.
Highlighting the company’s ambitious roadmap, the CEO revealed that PGPIC is currently advancing over $12 billion worth of semi-finished projects that require substantial capital to reach completion. “One of our key financial strategies involves the issuance of debt securities, and we have successfully secured a license to issue 120 trillion rials in bonds,” he stated.
According to Shariatmadari, the approval covers the issuance of Ijarah (lease-based) bonds in three phases, each worth 40 trillion rials. The bonds will carry a four-year maturity with a fixed annual interest rate of 23%, and quarterly coupon payments.
He emphasized that the bonds will be offered in the near future through a consortium of financial institutions and investment banks. “The raised capital will be directly invested in the completion of our critical petrochemical projects,” Shariatmadari concluded.