KAPA Discloses Financing Contract With Major Shareholder

Pars Paper Industries Group (KAPA) disclosed on Wednesday, October 21, 2026 a financing agreement with Sel Sam Arya, described as a major shareholder and board member. The explanatory text puts the contract at 8,000 billion rials. The issuer guarantees repayment of the partner's capital and a minimum return; the contract stipulates a 40% annual interim participation return. Codal lists the contract value as 52% of the previous year's sales revenue.

This financing does not itself mean new paper sales or operating profit. The company says repayment via a capital increase against shareholder claims would require agreement between the parties.