Mohammad Shariatmadari, CEO of PGPIC, said the permit allows the
issuance of 120 trillion rials (approximately $240 million) in Islamic lease
bonds (sukuk), in line with the national economic theme for 1404 (March
2025–March 2026), designated as the “Year of Investment for Production” by
Iran’s Supreme Leader.
“PGPIC currently holds over $12 billion in incomplete projects, and
securing this funding is crucial to bring priority projects with high progress
rates to completion,” Shariatmadari stated, according to a company release
cited by NIPNA.
The bond issuance will be executed in three tranches of 40 trillion
rials each, with a four-year maturity and a fixed annual interest rate of 23
percent, payable quarterly.
Shariatmadari noted that the offering will be managed through a
consortium of financial institutions and investment firms. Proceeds will be
used to complete high-priority petrochemical projects across the holding.
He also pointed to the recent sale of PGPIC subsidiary Arzesh Mandegar
Khalij Fars for over 380 trillion rials (roughly $760 million), stating that
the full proceeds from the sale would be reinvested into ongoing project
development.
“This is a clear step toward realizing investment-led production and
strengthening our capital structure to meet strategic industry goals,” he said.
The initiative is seen as a significant move to deepen Iran’s capital
markets and support industrial development amid ongoing international sanctions
and funding constraints.