Launch of a Reconstruction Support Fund for Mobarakeh Steel with Public Participation

TABNAK, Apr. 21 - The Head of the Securities and Exchange Organization, during a visit to the damaged production lines of Mobarakeh Steel, stated that the speed of debris removal, restoration of conditions, and the development of a precise reconstruction plan indicate that the company—leveraging its strong infrastructure and specialized workforce—is progressing rapidly on the path of recovery. He emphasized that part of the required financial resources will be provided through capital market instruments and a public participation fund, and that there is no plan for workforce reduction in this process.

News ID: 7358

Date: 27 April 2026 - 14:43

According to a Steel correspondent, Hojjatollah Seyedi, Head of the Securities and Exchange Organization, on the sidelines of his visit to the damaged production lines of Mobarakeh Steel following recent attacks, and referring to the recent situation and the measures taken to manage it, stated: “First, I would like to extend my appreciation to all managers and employees of Mobarakeh Steel. Unfortunately, a crime has been committed at Mobarakeh Steel by the United States and the Zionist regime, but as experience has shown, Iran’s human capacity and workforce capability are extremely high, and fortunately, the country also possesses strong infrastructure.”

Referring to the actions taken after the damage occurred, he added: “One of the most encouraging signs for the future of this complex is the speed of debris removal and the organization of conditions within a short period of time. A significant portion of the work has already been completed, and a precise plan has been designed for continuation, reconstruction, and modernization.”

Regarding financial resource mobilization for reconstruction, the Head of the Securities and Exchange Organization said: “Naturally, reconstruction and modernization require financing. Part of these resources will be provided through the capital market, and another part will come from the internal resources of the company. In this regard, various instruments such as capital increases, issuance of Murabaha bonds, and financing securities have been considered for the implementation of reconstruction projects.”

Seyedi also announced plans to establish a fund for public participation in the reconstruction of steel companies, adding: “It has been decided to create a reconstruction fund for the steel industry with public participation so that people can also be involved in this process. We hope that through these measures, Mobarakeh Steel will become a stronger and better organization in the future.”

Emphasizing the preservation of human resources in the company, he stated: “The managers of Mobarakeh Steel have decided to advance reconstruction programs within a coherent timeline, and there is no plan for layoffs in this process. Therefore, it is the responsibility of all of us to help ensure these objectives are achieved as quickly as possible.”