On Mordad 24 of last year, Javad Zarepour, CEO of Petrofarhang Holding, announced the merger of the Dena project into Sabalan Petrochemical; a merger that pursued seven major goals, and now, after a year, all of these goals have been implemented; exiting Article 141 and preventing losses, financing, protecting the rights of educators, financial transparency, portfolio reform, accelerating the completion of the project, and listing the company on the stock exchange, all of which have been among the emphases of the Education Reserve Fund.
One of the most important of these goals was the listing of Sabalan Petrochemical shares on the stock exchange, which was proposed at the meeting of the IFB Admission Board on Mordad 21, 1404, and its acceptance was agreed upon; an achievement that was listed as one of the four main strategies of the holding company this year in the first working meeting of Petrofarhang’s Board of Directors in Farvardin.
This was achieved after repeated follow-ups in the holding company and also the macro policies of the Farhangian Reserve Fund after 18 years and for the first time, so that Petrofarhang programs could be implemented in Sepehr Energy and Sabalan Petrochemical companies as its subsidiaries. The Petrofarhang program will continue in this regard, and the shares of Iranian Power Plant Process Management Companies (Mafna), Morvarid Petrochemical, and Petrofarhang will be listed on the stock exchange.