Ambiguities regarding the 30 million euro debt of Kayson Company to the Export Development Bank
Kayson Company is one of the largest contracting and construction companies in Iran, active in the fields of railway, metro, dam construction, large buildings, and infrastructure projects both domestically and internationally, and has been present in the capital market for years.
Mohammad Reza Ansari, one of the founders and well-known figures of this organization, has played a significant role in the development and management of large construction projects of the company over the past decades, and his name has always been associated with Kayson’s activities.
However, serious questions are raised about the approximately 30 million euro debt of Kayson Company to the Export Development Bank, a debt that is said to have remained unresolved for years and still requires clarification.
It is noteworthy that according to received information, Ansari has earned over twenty million dollars from the Iraq project, but it is questionable why he has not yet settled his debt to the banking system.
The public and shareholders of this company have the right to know what has happened to the foreign currency resources received for executing foreign projects, including those in Iraq and Russia, and what measures have been taken to repay foreign commitments and protect shareholders’ rights.
It is expected that the company’s managers, major shareholders, relevant banks, and regulatory bodies respond to the existing ambiguities by releasing precise and documented information to eliminate any potential misunderstandings.
Of course, he had recently linked the reason for his large debts to the issue of sanctions in a meeting.