Omid investment strategy, knowledge-based industrial and mineral products

Company News; Vahid Khashei Vernamkhasti, as a member of the board of directors of Omid Investment Company, a subsidiary of Sepah Bank, spoke about the performance of Omid Investment in 1400 and acknowledged: Developing a strategy document for knowledge-based industrial and mineral products is on the agenda of Omid Investment Group The field of national actions in the field of industry, finance and refineries has special programs.

Vahid Khashei holds a PhD in Strategic Management from Shahid Beheshti University and is a member of the Business Management Department of Allameh Tabatabai University of Management and Accounting. Among his work records are his experience in Iran Khodro, Behshahr Industries Development, Farman Executive Headquarters as a member of the board of directors of various companies including Behpak Industrial Company, Kosar Mines Development Investment, Sina Food Holding, Supply Chain Management Company Related to Astan Quds and key executive positions such as Deputy Director of the Research Center of the Islamic Consultative Assembly, Director General of Planning in the Ministries of Silence and Welfare.

How do you analyze the general situation of Omid Investment Company?

I entered Omid Company as a member of the Board of Directors from the beginning of November 1400. One of the key goals and characteristics defined for me is the transformation of strategy in this great investment company. I will explain.

About 65% of Omid’s portfolio is made up of mineral ores and base metals, and the remaining 35% is financial intermediation, 10% energy, 10% construction and related industries. Omid has 23 listed companies (6 management companies, 10 companies affiliated with micro-shareholders and 34 non-listed companies (11 companies …., 10 affiliated companies and 13 micro-shareholder companies) constitute the Omid portfolio.

The total value of the company’s portfolio at the current date, which is after the annual meeting, is 270,000 billion tomans, which is equivalent to 75% of the stock exchange, and 25% is non-stock exchange. And 9 thousand billion tomans), which was allocated 103 tomans per share.

What is the situation with Omid for future projects?

The important projects of the company that are at the center of our priorities are:

1- Light crude oil storage project in Petro Omid

2. Extraction of 55 million tons of iron ore mineral

3- Construction of a pelletizing plant with a capacity of 5 million tons in Chadormelo company

4- Construction of 3 million ton sponge iron production plant in Gol Gohar and also construction of smelting plant, …. 3 million ton sheet

Can you explain about Omid Mining Investment Companies?

Yes, it can be said that 80% of Omid’s profit is made by Chadormelo, Gol Gohar and Gohar Zamin mining companies. Therefore, the focus is on the mining industry, so that the share of these companies in the country’s iron ore production is equal to 70%. As an expert in strategy and business industrial policy, I also have a book in this field (entitled Strategic Management of a Holding), we have designed several key orientations for hope as levers of strategic transformation of the company and we are pursuing implementation.

You can explain these orientations under the heading of the company’s future plans.

Yes, Sure

1- According to the slogan of the year, which is named production of knowledge base and job creation, one of our focus points is investing in the knowledge base of industrial bases of the mining basin.

2. Creating synergies between subsidiary businesses and joint ventures with the aim of forming a value chain in the steel industry

3- Portfolio diversification by entering the field of petroleum and petrochemical products

4- Increasing exports … up to $ 500 million

5 – Leaving unrelated industries and companies by considering the company’s strategy and advantage

6- Establishing a project company to make maximum use of other investors’ financial resources

7- Financing 450 thousand billion for Omid Group, for the implementation of concrete from 30,000 billion Rials of ongoing projects

8- Exchange of all subsidiaries (program for accepting 21 non-listed companies … and revenue of 92 thousand billion Rials from the initial public offering of shares of these companies

9- Establishing corporate governance in the framework of strategic alliance with other shareholders in Golgohar Chador .. and Gohar Zamin companies

10- Establishment of management systems from budget, performance and receivables, etc.

11- Increasing the capital and reforming the financial structure of the holding

12- Determining the duties of debts to major shareholders as well as receiving receivables …

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