The shine of “Petrosad” in Kish
According to the Iran Economist, citing the public relations of Bank Saderat Iran, Amir Yousefian, Deputy Chairman of the Board of Directors of Bank Saderat Iran, after signing this memorandum with Jafar Rabiee, CEO of Persian Gulf Petrochemical Company, explained the capacities and goals of the new “Petrosad” project: In the first stage, to provide the required capital for priority projects in the oil, gas and petrochemical industry through bank resources, documentary credits, bank resources in foreign branches, resources of the National Development Fund and resources obtained from the issuance of sukuk bonds by Tamin Sarmayeh Mord Will be used.
Amir Yousefian at the signing ceremony of the Memorandum of Understanding of Bank Saderat Iran with Persian Gulf Holding at the holding booth of this holding in Kish Inox 2021, added about this product: Another important feature of “Petrosad” is facilitating operations and reducing financing costs of companies; So that in this plan, various facilities in the form of Islamic contracts, opening Rial documentary credits for the Persian Gulf Petrochemical Industry Group and companies introduced up to 150 million Euros and 200,000 billion Rials (including facilities and obligations) within the framework of current bank rules and regulations And the criteria announced by the Central Bank will be paid by Bank Saderat Iran.
He also mentioned the opening of domestic and long-term Rial documentary credits for purchasing raw materials of active companies of the Persian Gulf Petrochemical Group up to 50,000 billion Rials and the opening of Rial documentary credits up to 50,000 billion Rials for the implementation of renovation, improvement and Replacement of machinery, production line equipment and facilities with the application of fee discounts up to 30% of the approved rates in this area.
Yousefian announced that Bank Saderat Iran will use the foreign exchange facilities of foreign branches to pay companies in this field in the framework of this plan, adding: Foreign exchange transfer operations to facilitate and reduce costs with the lowest commission rate by Bank Saderat Iran Exchange it is going to happen. Also, in this plan, special offers will be provided by Tamin Sarmayeh, Sepehr Exchange and Sarmad Insurance to the companies in question with completely competitive and cost-effective conditions.
The Vice Chairman of the Board of Directors of Bank Saderat Iran emphasized: “We are looking to make a significant leap in the financial services of Bank Saderat Iran in the field of oil, gas and petrochemicals by using all the capacities of the bank and its subsidiaries.”
Yousefian provides various services such as feasibility study of business plans, project fund formation, issuance of various securities with minimum fees in the capital market and acceptance of consulting bodies in the field of supply, guarantee, underwriting and marketing by Sepehr Capital and provide a unique plan for various types of coverage. He mentioned the insurance services required in the fields of energy, engineering, liability, fire, transportation, credit, property and treatment by Sarmad Insurance, as well as facilitating foreign exchange transfers, among Petrosad’s capabilities.
