diff --git a/multiversx_sdk/core/transactions_factories/token_management_transactions_factory.py b/multiversx_sdk/core/transactions_factories/token_management_transactions_factory.py
index 2cdf6150..d7e453b1 100644
--- a/multiversx_sdk/core/transactions_factories/token_management_transactions_factory.py
+++ b/multiversx_sdk/core/transactions_factories/token_management_transactions_factory.py
@@ -283,14 +283,16 @@ def create_transaction_for_setting_special_role_on_fungible_token(
         user: IAddress,
         token_identifier: str,
         add_role_local_mint: bool,
-        add_role_local_burn: bool
+        add_role_local_burn: bool,
+        add_role_esdt_transfer_role: bool
     ) -> Transaction:
         parts: List[str] = [
             "setSpecialRole",
             arg_to_string(token_identifier),
             user.to_hex(),
             *([arg_to_string("ESDTRoleLocalMint")] if add_role_local_mint else []),
-            *([arg_to_string("ESDTRoleLocalBurn")] if add_role_local_burn else [])
+            *([arg_to_string("ESDTRoleLocalBurn")] if add_role_local_burn else []),
+            *([arg_to_string("ESDTTransferRole")] if add_role_esdt_transfer_role else [])
         ]
 
         return TransactionBuilder(
diff --git a/multiversx_sdk/core/transactions_factories/token_management_transactions_factory_test.py b/multiversx_sdk/core/transactions_factories/token_management_transactions_factory_test.py
index 5ff22279..ef916f80 100644
--- a/multiversx_sdk/core/transactions_factories/token_management_transactions_factory_test.py
+++ b/multiversx_sdk/core/transactions_factories/token_management_transactions_factory_test.py
@@ -1,4 +1,5 @@
 from multiversx_sdk.core.address import Address
+from multiversx_sdk.core.serializer import arg_to_string
 from multiversx_sdk.core.transactions_factories.token_management_transactions_factory import (
     RegisterAndSetAllRolesTokenType, TokenManagementTransactionsFactory)
 from multiversx_sdk.core.transactions_factories.transactions_factory_config import \
@@ -151,16 +152,39 @@ def test_create_transaction_for_creating_nft():
 
 
 def test_create_transaction_for_setting_special_role_on_fungible_token():
+    mint_role_as_hex = arg_to_string("ESDTRoleLocalMint")
+
     transaction = factory.create_transaction_for_setting_special_role_on_fungible_token(
         sender=frank,
         user=grace,
         token_identifier="FRANK-11ce3e",
         add_role_local_mint=True,
         add_role_local_burn=False,
+        add_role_esdt_transfer_role=False
+    )
+
+    assert transaction.data
+    assert transaction.data.decode() == f"setSpecialRole@4652414e4b2d313163653365@1e8a8b6b49de5b7be10aaa158a5a6a4abb4b56cc08f524bb5e6cd5f211ad3e13@{mint_role_as_hex}"
+    assert transaction.sender == frank.to_bech32()
+    assert transaction.value == 0
+
+
+def test_set_all_roles_on_fungible_token():
+    mint_role_as_hex = arg_to_string("ESDTRoleLocalMint")
+    burn_role_as_hex = arg_to_string("ESDTRoleLocalBurn")
+    transfer_role_as_hex = arg_to_string("ESDTTransferRole")
+
+    transaction = factory.create_transaction_for_setting_special_role_on_fungible_token(
+        sender=frank,
+        user=grace,
+        token_identifier="FRANK-11ce3e",
+        add_role_local_mint=True,
+        add_role_local_burn=True,
+        add_role_esdt_transfer_role=True
     )
 
     assert transaction.data
-    assert transaction.data.decode() == "setSpecialRole@4652414e4b2d313163653365@1e8a8b6b49de5b7be10aaa158a5a6a4abb4b56cc08f524bb5e6cd5f211ad3e13@45534454526f6c654c6f63616c4d696e74"
+    assert transaction.data.decode() == f"setSpecialRole@4652414e4b2d313163653365@1e8a8b6b49de5b7be10aaa158a5a6a4abb4b56cc08f524bb5e6cd5f211ad3e13@{mint_role_as_hex}@{burn_role_as_hex}@{transfer_role_as_hex}"
     assert transaction.sender == frank.to_bech32()
     assert transaction.value == 0