By selling its subsidiary, Arzesh Mandegar, for 24.66 trillion toman through a combination of cash and installment payments, Persian Gulf Petrochemical Industries Company (PGPIC) has successfully secured a total of 38.8 trillion toman in capital over a two-and-a-half-year period. These funds will be fully allocated to completing high-priority petrochemical projects that have already achieved over 90% progress.
Completion of these projects is expected to significantly boost production, increase sales for the holding, and generate greater foreign currency revenues for the country.