Speaking in a Saturday meeting with Ayatollah Ebrahimi, the
CEO of Bank Sepah, Abdul Ali Ali Asgari said: "This company seeks to
accelerate the financing of the group's projects by tapping the capacities of
the banking system and the capital market."
The meeting was held to expand the bank's cooperation with
the country's largest petrochemical holding.
During the meeting Mr. Ali Asgari expressed hope for
expanding the group's relations with Bank Sepah, and said: "Today, several
banks have been consolidated in Bank Sepah, which is a great work in the
history of the country's banking, and we also see that this bank is integrating
the banking system and making it the largest bank in the country."
"The Persian Gulf
Petrochemical Industries Company is a non-governmental company with millions of
Iranian shareholders," he said.
The PGPIC CEO noted that the next step of this company is
to upgrade the group's position in the capital market, which will cause the
growth of the group's shares and the profit of this growth to the shareholders.
Ali Asgari continued: "Development of the value chain
of the petrochemical industry in the Persian Gulf Holding is on the agenda, in
such a way that it provides investment opportunities in the middle and
downstream industries and by creating or supporting medium and small
knowledge-based companies, we create more wealth and increase employment, which
is emphasized by the Supreme Leader.”
Referring to the Ministry of Petroleum's emphasis on the
investment of the Persian Gulf Group in the upstream part of the oil industry,
he said: “The holding is seeking to enhance its feedstock intake from oil field
and send it to petrochemical plants to activate their full capacity.”