In the press conference on the sidelines of the 15th International Financial Industry Exhibition: Mehregan, Kerami has obtained the in-principle approval to establish a leasing company in order to complete the value chain.
The CEO of Mehrgan Financial Group said: Mehrgan Financial Group’s acceptance meetings in the stock market for the initial offering of shares are being held in the acceptance committee, and it is hoped that this process will be operational this year.
According to the economic reporter of the Bursa Times news agency, Joint press conference of Kamran Pourmohammadi, Economic Vice President of the Social Security Organization (SATA) and Hossein Karami, CEO of Mehrgan Financial Group, on the sidelines of the second day of the 15th International Financial Industry Exhibition, today, Wednesday, June 17, 1402, with the presence of a group of media members, at the Financial Group booth. Mehrgan was held.
Hossein Karmi, CEO of Mehrgan Financial Group
Hossein Karmi, the CEO of Mehrgan Financial Group, said in this press conference: Sata, the second pension fund and the main player in the petrochemical and refining industries, established this company in 2015.
He continued: This group started operating in the capital market under the title of financial institution and provides services through the investment companies of Amin Toan Afarin Saz, Armon Borse Brokerage and Mehrgan Market Management Fund and a portfolio management company.
The CEO of Mehrgan Financial Group added: Mehrgan Financial Group’s acceptance meetings in the stock market for the initial offering of shares are being held in the acceptance committee, and it is hoped that this process will be operational this year.
Regarding the guarantee of the profitability of this company and that the profit of this group is more than the interest rate of the bank, Kerami said: Considering that one hundred percent of the company’s investment is done in the form of the capital market, the company is trying to make this investment in competitive industries, including Refining, petrochemical and mining. He emphasized that last year, the performance of Mehrgan Financial Group was better than the invested industry and the overall index.
He added: In addition, the performance of the capital market was better than the expected inflation of the country, and this caused the current performance of the company to be better than the current inflationary situation.
The CEO of Mehrgan Financial Group said about the company’s future investment: According to the investment and risk committee and risk control tools, this issue has also been optimized and the company’s priority is always to cover the country’s expected inflation.
At the end of his speech, Kerami said: In order to complete the value chain, the financial group has obtained the approval in principle to establish a leasing company, and in the near future, it plans to establish an exchange, an investment consultant, provide capital, a credit rating company, and acquire seats in the field of modern banking. Management in one of the banks is on the agenda. Optimum management of the investment portfolio, financing of huge SATA projects, which amount to 41 billion dollars in the field of refining, is also in the plan, and it is hoped that financing tools in the money and capital market, especially sukuk bonds, can be used. The definition of risk hedging tools in the system and the discussion of the establishment of single unit leveraged and pension and welfare funds led to the approval in principle from the stock exchange organization.
Kamran Pourmohammadi, Economic Deputy of Armed Forces Social Security Organization (SATA)
Kamran Pourmohammadi, Economic Deputy of Armed Forces Social Security Organization (SATA), said in this press conference: One of the biggest missions of SATA (Social Security Organization of Armed Forces) is to pay pensioners.
He continued: The two large social security funds of the armed forces and the country have more than 10 million subscribers, and timely payment of salaries is a very high priority.
The Economic Vice President of the Social Security Organization (SATA) added: SATA used various tools for this matter in order to manage financing. Therefore, Mehrgan Financial Group is one of the arms and plays this role for Sata using the tools at its disposal. There are various tools in Mehrgan Financial Group, which SATA, as a governing body, the Secretary of the Investment and Finance Committee has introduced to the financial group in order to convert SATA’s unproductive assets into productive ones.
Pourmohammadi continued: Ghadir, Shastan, Bimah Kausar and other economic sub-categories of SATA actually provide assets to Mehrgan Financial Group so that it can be turned into productive assets. There are many reasons for the low productivity rate, and it will not be possible to generate assets without productivity tools.
Emphasizing the necessity of productivity of the non-productive assets of the social security complex, he said: “The productivity rate in the country is low, and for productivity, we must look at the productivity of services.” Productivity has been one of the goals of the Social Security Organization since last year, many assets that are owned by the government cannot be productive.
In the end of his speech, the Economic Vice President of the Social Security Organization (SATA) said: In May, some good moves were made in this direction, so that liquid assets can be used for investing in other projects, in other words, the assets can be used to pay salaries. We don’t use it and our view is investment.
According to this report, the opening ceremony of the 15th exhibition of the country’s financial industry (stock exchange, bank and insurance), this morning, Tuesday, June 16, 1402, with the presence of Dr. Seyed Ehsan Khandozi, Minister of Economy and Finance, Engineer Majid Behzadpour, General Manager of Central Insurance of Iran, Dr. Mohammad Yaser Tayebnia, CEO of Mobarakeh Steel Company, Dr. Mohammad Reza Pourabrahimi, Chairman of the Economic Commission of the Islamic Council, Dr. Majid Eshghi, Chairman of the National Stock Exchange and Securities Organization, a group of managers of organizations, domestic and foreign companies, and members of the media, at the permanent exhibition site between Tehran International was held.
This report adds: The International Exhibition of Financial Industry (Stock Exchange, Bank and Insurance), as the biggest event in Iran in the field of stock exchange, banking and insurance, which is held annually with the presence of many capable domestic and foreign companies in the field of stock exchange, banking and insurance. It is a great opportunity for active companies to expose their achievements and services to the professionals and specialists of this field and to introduce their future activities and innovations, taking into account the market demand trend and the direction of the growth of this field. .
After more than 14 years of holding the international exhibition of the financial industry (stock exchange, bank and insurance), this event has been recognized as the most important and prestigious financial event of the country at the regional level and has met with the wide participation of financial market activists, experts and specialists. Therefore, we hope that the 15th round of this exhibition will be held more magnificently than before, along with the expansion of visitors and the presence of various countries.
Increasing people’s communication and awareness of the financial market and its services, raising financial literacy, providing internal capabilities in all three areas of the stock market, banking and insurance through education and culture, setting up a special booth for children and teenagers, holding educational workshops, and also providing the environment Suitable for international interactions due to the recent international progress in the financial field and the welcoming of foreign investors along with the atmosphere of B2B negotiations, the holding of the start-up event in the financial field, etc., are among the most important programs planned in this period of the exhibition.
It should be noted that the 15th financial industry exhibition (Tehran Stock Exchange, Bank and Insurance 1402), from 16 to 19 June 1402, in a space of 32 thousand square meters and with the presence of 200 active collections, in halls 35, 38, 40, 41 and 42 permanent locations of Tehran International Exhibition will be held.
Media reporter: Samad Yousefi
Pictures of the press conference