Speaking on the eve of offering its shares on bourse, managing director of Persian Gulf Holding told Shana that the capital of the holding had grown from 60 billion Rials at the start of formation to 24.789 billion Rials now.

Jamshid Sabzkar, managing director of the holding, said: Persian Gulf Holding was the first specialized holding formed under the article 44 of the constitution.

He noted that easy access to feedstock, locating in the Persian Gulf shore, easy access to open seas, enjoying new technologies and skilled workforce were among the privileges of Persian Gulf Holding.

After implementation ongoing development plans, Persian Gulf Holding will turn into a powerful entity in the region, Sabzkar said.

The other merits of Persian Gulf Holding include global reputation, absorbing financial resources and unique access to Iran and the Middle East markets, Sabzkar said.

According to Sabzkar, Persian Gulf Holding includes 15 subsidiaries and 20 production complexes with production capacity of 37.3 million tons per year.

The holding is involved in implementation of  several projects which are expected to come online in coming years.