PNA Group has signed multiple Memoranda of Understanding with separate parties on the sidelines of a major financial exhibition in Iran.
MAPNA Group participated in the 11th International Exhibition of Exchange, Banking, Insurance, Privatization & Presenting Iran’s Investment Opportunities (Kish INVEX 2024), focusing on developing joint collaborations with various commercial and financial entities in the country.
During the event, MAPNA signed several Memoranda of Understanding (MoUs) with different organizations in this sector.
MoU Between MAPNA Group and Arman Ati Investment Advisory
In line with establishing MAPNA’s transportation holding, an MoU was signed between MAPNA Group and Arman Ati Investment Advisory.
Ahmadreza Farasat, MAPNA Group’s Economic and Financial Deputy, and Ali Eslami Bidgoli, CEO of Arman Ati Investment Advisory inked the document on November 5, 2024, the second day of the exhibition.
The agreement aims to provide consultancy services, financial restructuring, and preparation for establishing MAPNA’s specialized transportation holding.
MoU for the Development of MAPNA’s Oil, Gas, and Petrochemical Holding
Continuing the exhibition, another MoU was signed between MAPNA Group and Kardan Investment Bank for the formation of MAPNA’s oil, gas, and petrochemical holding.
Ahmadreza Farasat and Omid Ghaemi, CEO of Kardan Investment Bank, signed the MoU.
This agreement focuses on providing consultancy services, financial restructuring, and preparation for establishing MAPNA’s specialized oil, gas, and petrochemical holding.
MoU for Land and Utility Allocation for Qeshm Neyr Perse Petro-Refinery
On the sidelines of the Kish INVEX 2024 exhibition, an MoU was also signed for the allocation of land and utilities for the Qeshm Neyr Perse Petro-Refinery between Neyr Perse Company and Qeshm Free Zone.
The ceremony, attended by the Economic and Financial Deputy of Qeshm Free Zone, MAPNA Group’s Financial and Economic Deputy, the CEO of Neyr Perse, and several managers from both entities, concluded with an agreement to allocate the necessary land and utilities within two months.
The Qeshm Neyr Perse Heavy Oil Petro-Refinery will be constructed on a 70-hectare site on Qeshm Island over two years.
Neyr Perse Company, responsible for obtaining the principal agreement for this petro-refinery unit, will also oversee its engineering, construction, and operation.
MoU for Expanding Joint Cooperation Between MAPNA and Bank Shahr
On the same day, MAPNA Group and Bank Shahr (City Bank) signed an MoU to expand their cooperation for one year, covering various agreed services within the framework of Central Bank regulations and directives. The event opened on November 4, 2024, and runs for four days at the Kish International Exhibition Center.