During a meeting between Mohammad Shariatmadari, CEO of PGPIC, and
Esmaeil Lalehgani, CEO of Refah Bank, a memorandum of understanding was signed
to expand cooperation between the industrial conglomerate and the banking
sector.
Shariatmadari highlighted PGPIC’s significant economic role as Iran’s
largest industrial group, managing nearly $12 billion in active projects. He
emphasized the financing needs of these developments as a strategic opportunity
for the banking network’s participation.
Lalehgani confirmed Refah Bank’s commitment to prioritizing funding
for the polymer petrochemical units of Gachsaran and Dehdasht. He also
expressed interest in supporting other near-completion projects within the
Persian Gulf Holding.