Large initial public offering
Sayyed Amir Abbas Hosseini, armed on the sidelines of the Exhibition of Stock Exchange, Banking, Insurance and Privatization, stated that the share of Ghadir Financial Group in the profitability of Ghadir Investment Company is expected to increase to 20% in 1404. Last year, it increased eightfold and with a high return, it has a part of the security profit of “Vaghdir”.
Referring to the companies under Ghadir Financial Group, he said: “D-Investment is active in the field of innovative technologies related to venture capital investments and covers startups related to various fields in its value chain.”
Hosseini added: Ghadir Financial Group with assets of 200,000 billion rials, today is a shareholder of important companies in “Vaghdir” and we hope to see one of the largest offers in the field of investment companies with the listing of “Ghadir Financial Group” next year.
The CEO of Ghadir Investment Company stated: Ghadir Investment Group in 1400, based on the task of the Armed Forces Pension Fund, has focused its activities on increasing returns and this year is facing almost double the profitability of “Vaghadir” companies. We have reports that this profitability has been published in Cadal.
Hosseini, stating that some subsidiaries of Ghadir Investment Company have lost money after years, continued: One of these companies is “Ghadir Construction Industry Holding”, which lost money after five years and having a 3 mega project on Kish Island, In fact, it is one of the players in the field of construction on this island, and at the same time, with the industrialization project (which has reached the product today and can no longer be called a project), it is now one of the most important building manufacturers in the future.
Soghdir will be released on December 11th
Regarding the listing program of Ghadir Investment Company’s subsidiaries in the stock exchange, referring to the insertion of the symbol of Ghadir Cement Holding and the offering of this company on December 11 of this year, Vaghadir CEO stated: This holding is a combination of “Vaghadir” Cement Companies and 12 The percentage of the country’s cement production is related to this holding.
He continued: “The supply of Ghadir Industry and Mining Holding will be one of the largest stock exchanges and some other companies such as” Ghadir Iranian Steel “and” Shahroud Steel “are also on the way to supply and with this trend, at the end of next fiscal year, asset composition “Vaghdir” stock exchange will cross the border of 2,000 thousand billion Rials.
He stated: The second part is related to Ghadir subsidiaries that have been facing low returns for years and in some cases losses, including Ghadir Building Holding, which itself and its subsidiaries are listed on the stock exchange, and this company is out of profitable losses this year. Accordingly, all subsidiaries of Ghadir are profitable this year, and consequently, the profitability of Ghadir Investment Company will jump this year. Parsian urea claims are assigned to the government.
Also, Vahid Mahmoudi, CEO of Parsian Oil and Gas Company, regarding the company’s urea claims from the government, said: “This issue has always been raised during the past years, and for the first time, the subsidy audit of these claims was completed during 1998 to the end of 1999. It is being sent to the Management and Planning Organization. Also, meetings have been held with the Presidential Institution in order to include the claims from the sale of urea in the 1401 budget, or the urea claims of “Parsian” in the form of paragraph (i) Allows urea claims to be added to this table and from this location to receive urea claims or asset purification, so one of these routes will be done to settle urea claims.
Mahmoudi, stating that the total urea claims of the company from the government is estimated at 110,000 billion rials by September 21 of this year, said: Subsidized audit of these claims has been done until the end of 1399 and based on our difference in the subsidized price approved by the government , Is sold to Jihad Keshavarzi at a price of about 7960 Rials, but the cost price is 25 thousand Rials and it is sold at a price of 140 to 150 thousand Rials in the commodity exchange, which is a significant difference due to the 30% increase in the fuel sector. We hope that at least the settlement will be based on the cost price of urea and the difference will be based on the cash price of the stock exchange.
He expressed hope that the government would not change the price of food in the 1401 budget and would be the basis for calculating this year’s price, which, of course, has grown by 30%, and whispers of a similar rate increase in 1401 can be heard.