Iranian Power Plant Processes Management Company was admitted to the Fara Bourse

The CEO of the Teachers’ Reserve Fund Institute said: “In line with the implementation of the strategic plans of the Teachers’ Reserve Fund regarding the realization of owner’s equity, financing, and financial transparency, the Iranian Power Plant Processes Management Company (MAPNA) was unconditionally admitted to the Second Market of Iran Fara Bourse as the second subsidiary of Petrofarhang Holding.” According to the Public Relations and Brand Development of Petrofarhang Holding, Ali Sadeghi, while congratulating the members of the Teachers’ Reserve Fund Institute on this important event and achievement, added: “A month ago, Sabalan Petrochemical was also listed in the Fara Bourse market as the first Petrofarhang subsidiary.” Emphasizing the continuation of the trend of companies going public, he stated: “The process of taking Petrofarhang Holding and Morvarid Petrochemical public is also on the agenda.” Announcing these good news, the CEO of the institute clarified: “MAPNA Company going public is another step towards realizing the owner’s equity of the members of the Teachers’ Reserve Fund and increasing transparency in this complex.” Sadeghi reminded: “By operating in the field of clean electricity generation and having solar power plants in Kerman and a gas power plant in Gachsaran, the Iranian Power Plant Processes Management Company is pursuing a 4-year plan to produce 500 megawatts of electricity in order to counter energy imbalances in the country and also to create sustainable wealth.” It should be noted that the application for the admission of this company was held in the meeting of the Fara Bourse Admission Board on Tuesday, Bahman 7, 1404, with the presence of Shirazi, CEO of Iran Fara Bourse, Zarepour, CEO of Petrofarhang, Salehi, CEO of MAPNA Company, along with the board of directors and 12 referees, and considering the financial statements, developmental plans, and the outlook of this company, it was approved and accepted unconditionally in the Second Market of Iran Fara Bourse on Bahman 8.