The price for Fajr Petrochemical Company’s share is set to be 11500 Rials after 200 million or 8 percent of the share had been supplied to the market .
The price for Fajr Petrochemical
Company’s share is set to be 11500 Rials after 200 million or 8 percent of the
share had been supplied to the market .
As Fajr Petrochemical Company Department
of Public Relations reported, the company here on Wednesday, February 27, 2018 sold
200 million of its shares which are equal to 8 percent of it at the second-rate
market index under a symbolic name of “Befajr” for the first time after it
could do registration and enroll the company's name in the list of those companies
admitted to the Stock Exchange.
As a result, Fajr Petrochemical
Company could also well add 2875 billion Rials to the market value through doing
business with the 8 percent of the share and fixing its real market value on 11500
riyals. Meanwhile, it has allocated one percent of the shares to its employees.
It should be noted that Fajr
Petrochemical Company belongs to Gulf Petrochemical Industrial Holding and has
been registered as the 495th company of those previously registered companies
for the first time under their real name at Tehran stock Exchange. It has also been
enlisted and accepted in the specific groups of suppliers such as “Electricity,
gas and water company”, "Electricity, gas, steam and hot water
supplier" and in the category of "Steam and hot water suppliers” on
the second-rate market list.
Fajr Petrochemical Company was
founded on 1998 in site 4 of the Especial Petrochemical Economic Zone in the
port city of Imam Khomeini in order to provide the utilities required by those companies
located in the zone, and it became operational as the first concentrated utility
company in the country in 2002, as well.
It has started implementation its development plan on
the site 2 in order to provide the utilities for the new projects, after it expanded
its regional companies’ activities and increased the implementation of the
plans of the National Petrochemical Company on sites 2 and 3.
Amir Kabir Petrochemical Company, Boo ali Sina, Shahid
Tondgooyan, Khouzestan, Fannavaran, Maroon, Arvand, Karun, ShimiBaft, Navid
Zarashimi, Ghadir, Shahid Rasuli are among the main customers of Fajr
Petrochemical Company. Of its main shareholders, we can also refer to Fars Holdings
which owns 70 percent of its share and Edalat (equity) shares Company which
enjoys the rest 30 percent of the share.
Fajr Petrochemical Company’s production
and process units are in fact the upstream units of the petrochemical industry
which provide other petrochemical companies with their required utilities. Electricity
and steam (power plant), water and wastewater treatment, the unit for air separation
and production of compressed air and utility lines are also considered to of the
production units of this company.