**A cooperation memorandum of understanding was signed between Sabalan Petrochemical Industries Company and Bank Refah Kargaran, with the aim of making optimal use of existing capacities, facilities, and capabilities, developing joint cooperation, pursuing bilateral investments, and raising the level of engagement between the two sides.**
According to Public Relations, the memorandum was concluded in the presence of Reza Ganji, CEO of Sabalan Petrochemical; Esmaeil Lalleghani, CEO of Bank Refah Kargaran; and a group of managers and deputies from both organizations.
The memorandum was signed to establish effective and lasting engagement on a win-win basis, to focus on and optimally manage the company’s financial resources, to strengthen the synergy of capacities, to expand mutual cooperation, and to create suitable conditions for developing the infrastructure and services required by the petrochemical industry.
Among the provisions emphasized in the document are facilitating financial flows, providing liquidity for development projects, and giving priority to domestic production. This strategic partnership has been formed to create a sustainable value chain between Sabalan Petrochemical’s technical capabilities and Bank Refah’s financial instruments, so that, in addition to accelerating the implementation of development plans, it also provides an operational platform for maximum use of both sides’ resources.