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During a meeting between the CEO of the Oil, Gas and Petrochemical Investment Company (TAPICO) and the CEO of Tejarat Bank, the terms of the bank’s cooperation in financing the development projects of the subsidiaries of TAPICO Holding were reviewed.
According to the public relations report of TAPICO Investment Company, in line with TAPICO Holding’s policies in financing investment projects, increasing exports, earning foreign exchange for companies, and reducing financial costs, the CEO of TAPICO Holding has held working meetings with the managers of the National Development Fund and the CEOs of various banks in the last 2 months.
Continuing this trend, Hadi Akhlaqi, CEO of Tejarat Bank, and the bank’s deputies were guests of TAPICO CEO and Vice Chairman of the Board of Directors of the holding.
At a meeting of senior managers of Tejarat Bank and Tamin Oil, Gas and Petrochemical Investment Company (TAPICO), foreign exchange and rial investment strategies in projects of TAPICO subsidiaries were discussed.
In this meeting, TAPICO CEO Babak Afghei presented the holding company’s extensive plans for investing in oil, gas and petrochemical development projects.
Afghei, expressing the need to pay attention to completing the holding company’s value chain and TAPICO’s position in the portfolio of the Social Security Investment Company, emphasized the need to pay attention to investing in TAPICO Holding to increase shareholder profits and help reduce the deficit of the Social Security operating balance in the coming years, and discussed the extensive investment capacities of this holding company.
On the other hand, considering that Tapico Holding, with more than 90 management and non-management companies, has a high share in the country’s oil, gas, petrochemical, cellulose and rubber industries, it has planned large development projects for these companies, the implementation of which will increase foreign exchange income for the country and create extensive employment.
In this meeting, which lasted more than 2 hours, the CEO of Bank Tejarat also welcomed the cooperation with Tapico Holding and requested to provide details of the investment projects of the holding’s subsidiaries so that their financing methods can be examined in expert meetings.