3 agricultural companies will enter the stock market soon
According to Tejaratnews, a tripartite cooperation memorandum was signed today between Kowsar Agricultural Investment Company affiliated to the Shahid Foundation and the Science and Technology Park of the University of Tehran and the Rowesh Kowsar Business Development Institute.
On the sidelines of the ceremony, Mohammad Sadegh Vaezi, CEO of Kowsar Investment Company, said: “We are one of the most diverse agricultural holdings that operate in seven holdings for the production of poultry, laying hens, light livestock, heavy livestock, aquaculture, greenhouse agriculture and agricultural logistics support.” Realizing the slogan of the year and increasing the productivity of the subsidiaries, we get help from knowledge-based companies as well as the Science and Technology Park of the University of Tehran to solve problems.
Kowsar Investment CEO stated: This company has a sales revenue of about 2,500 billion tomans per year and productivity is not low, and according to estimates, the return on these companies is 20%, but if we can reduce the percentage of livestock losses in herds with knowledge-based methods, for example Let’s say, a few hundred billion tomans of profit reaches the company.
Vaezi said: “Currently, livestock feed companies with the symbol of Ghadam, Kosar Investment Company with the symbol of Zakat, Mahan Poultry Production Company with the symbol of Zamahan and Sharifabad Agro-industry Company with the symbol of Zarif are on the OTC market and we plan to have three other companies including Zarbal ancestors.” , Dizbad Company and Morghak Company will be listed on the OTC market soon.
Regarding the employment rate in these companies, he said: “Currently, 4,000 people are directly employed in agricultural holding companies, but of course there is also indirect employment.” We are responsible for between 60 and 70% of the country’s broiler production in the country. We also have 40% of laying hens.
The CEO of Kowsar Investment also pointed out with this point: We are looking for joint production with the country’s poultry farmers and instead of making new investments, we are trying to fill the existing poultry capacity that is empty through partnership methods and in fact we are looking to increase productivity in existing units. .
Vaezi said: “Kosar agricultural investment partnership is done with private sector poultry farmers and in the world, the common method in producing chicken and eggs is the partnership method.” Of course, in Iran, our method is different in some places.
Regarding the supply of livestock and poultry inputs, he said: “70% of the cost of poultry production is related to livestock institutions, in the field of animal feed, 60% of it is provided from the production of our subsidiaries.” In the field of chicken feed, we supply all its inputs through the market system.
“We can grow fodder and livestock corn, which provides 60% of our livestock consumption, but we supply grain corn for chicken feed through the market system,” said Kowsar, the investment director, in response to a question about whether you can provide chicken feed.
“This year, we held three general assemblies related to the subsidiaries, which will distribute 90% of the profits through shareholders, and after the reopening of their stock price symbols in the market, it was accompanied by a positive 20%,” said the CEO.
Alireza Youzbashi, CEO of Roush Kowsar Business Institute, said in this regard: “In line with the policies of the Supreme Leader and announcing the name of the year as production, knowledge-based, employment-oriented, considering this policy, Kowsar Agricultural Holding, which is part of Kowsar Economic Organization, is a subsidiary of Shahid Foundation.” , Is active in the field of agriculture and animal husbandry, and based on this memorandum, in cooperation with knowledge-based companies, solutions to the problems of these companies will be provided in order to increase productivity and efficiency.
He added: “Kowsar Investment Company and Kowsar Business Growth received the license of the first bold agricultural fund this week, and this fund will probably enter the OTC market in May of this year.” This fund will have a capital of 100 billion tomans, which will take action in order to improve the productivity and efficiency system through scientific capacity, research in ongoing projects, and the most important challenges and the calculation of scientific solutions will be on the agenda.
He said: Kosar Economic Organization has 40 companies, of which 15 companies are under agricultural holding.
Source: Tasnim