Company History
The Persian Gulf Petrochemical Complementary Industries Investment and Development Group was established on February 5, 2011 (16/11/1389 in the Persian calendar) with an initial capital of 100 billion Rials as a public joint-stock company. It was registered under registration number 396888 at the Tehran Companies Registration Office.
According to the resolutions of the Extraordinary General Assembly on February 25, 2015 (06/12/1393), the fiscal year was changed from ending in September to ending in May. Since its inception, the company's shares have been listed and traded on the OTC market. On September 17, 2014 (26/06/1393), the company's shares were listed on the second market of the OTC exchange, and on April 25, 2016 (06/02/1395), they were accepted into the second market of the Tehran Stock Exchange, where they have been traded ever since.
As per the resolutions of the Board of Directors on April 14, 2023 (26/01/1402) and with the approval of the Extraordinary General Assembly on August 11, 2023 (20/05/1402), the company's capital was set at 100 trillion Rials, divided into 100 billion shares with a nominal value of 1,000 Rials each. Currently, the Persian Gulf Petrochemical Complementary Industries Investment and Development Group is a subsidiary of the Persian Gulf Petrochemical Industries Company (Public Joint Stock).
The company's main address and headquarters are located in Tehran, Vanak, northwest side of Sheikh Bahaei Square, Rayank Vanak Building, 7th floor.
By the resolution of the Extraordinary General Assembly on August 11, 2021 (20/05/1400), the company's name was changed from "Iranian Petrochemical Investment Group" to "Persian Gulf Petrochemical Complementary Industries Investment and Development Group."
Major Activities
The main activities of the company, as outlined in Article 3 of its Articles of Association, include:
Investing in shares, partnership units, investment fund units, or other voting securities with the aim of generating profit, controlling operations, or exerting significant influence over the investee company, institution, or fund (whether Iranian or foreign) that operates in the following areas:
- Production of various petrochemical and chemical materials and products, as well as their by-products derived from organic raw materials such as natural gases and hydrocarbons.
- Purchasing and supplying raw materials required for the production of products by investee companies and other individuals or entities engaged in the production, trade, or business of the products mentioned above, either domestically or internationally.
- Performing basic and detailed engineering for ongoing and future projects of investee companies.
- Purchasing, procuring, and producing all machinery required for the production of products by investee companies and other individuals or entities engaged in the production, trade, or business of the products mentioned above, either domestically or internationally.
- Engaging in transportation, warehousing, marketing, distribution, and sales of products and services of investee companies and other individuals or entities involved in the production, trade, or business of the products mentioned above.
- Conducting studies, research, and technological, technical, scientific, commercial, and economic analyses to develop technology, transfer technical knowledge, and optimize operations for investee companies and other individuals or entities involved in the production, trade, or business of the products mentioned above.
- Obtaining loans from banks, companies, and official institutions in compliance with regulations and the Articles of Association, and providing financial resources for investee companies either from the company’s internal resources or through other means, including obtaining bank loans in the name of the company or investee companies, with or without collateral or repayment guarantees.
- Developing and implementing strategic and managerial policies to be followed by investee companies or to be applied in the management of investee companies.
- Acquiring and leasing assets, investing, establishing, or participating in the establishment of various companies and institutions within the scope of the company’s activities to fulfill its objectives.
- Identifying investment opportunities related to the production of petrochemical and chemical products (as mentioned in point 1) for direct investment or for recommendation to investee companies.
Offering technical, managerial, operational, and financial services to investee