Petchem Holdings to Enter Stock Market: Official

(Friday, July 17, 2020) 23:59

TEHRAN (NIPNA) -- The CEO of Petrofarhang Holding Company announced the entry of Morvarid Petrochemical Company into the stock exchange, and said: “Pars Kimia Middle East Petrochemical Company and Sabalan Plant will be listed as the second leap projects of the petrochemical industry which will enter the stock market.”

Marzieh Shahdaei, CEO of Petrofarhang Holding, said in an interview with NIPNA: "IPOs of subsidiaries and even Petrofarhang Holding is one of the main goals of this company, and fortunately, all stages of Morvarid Petrochemical Plant’s IPO have been completed and are being followed."

She said the next step will be the listing of Middle East Kimia Pars and Sabalan petrochemical companies on the stock exchange.

Middle East Kimia Pars and Sabalan petrochemical projects are to be launched as projects of the second leap projects of the petrochemical industry by 2021.

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