Sale of 17% of the shares of Omid Investment Group by Sepeh Bank
According to the financial news report According to Sepeh Bank’s information base, Ayatollah Ebrahimi, the CEO of Sepeh Bank, Babian said the above: Sepeh Bank is considering, in line with the legal requirements of Article 16 of the Law on Removing Obstacles to Competitive Production and Improving the Country’s Financial System, as well as the emphasis of the Honorable Minister of Economic Affairs and Finance. In order to withdraw from unnecessary corporate ownership in subsidiary companies until the end of 1401 and sell the surplus assets of Mazad Bank, to sell a management site of the shares of Omid Investment Management Group Company through the publication of an offer notice in the Tehran Stock Exchange. In this regard, the valuation of the said company is being carried out by the official experts of the judiciary, and subsequently the process of offering the said shares through the stock market and securities market will be implemented.
It is worth mentioning that Omid Investment Management Group was established by Sepeh Bank in 1380 and became one of the most effective economic groups.
The mentioned company with the symbol “Vamid” is one of the largest industrial holding companies in the Tehran stock market. The company’s investment portfolio consists of active companies in the fields of metal ore extraction, energy, financial mediation, cement, etc.
The mentioned company plays a key role in the country’s steel production chain and with 38.22% ownership of Gol Gohar Mining and Industrial Company, 39.52% of Chadormelo and 26.25% of Gohar Zameen Iron Ore, it is the largest mineral holding in the country.
Omid Investment Management Group, in addition to significant investment in crude oil storage industries and steel value chain of the country (from mining to steel), has contributed greatly to the creation of jobs in different regions of the country by playing a role in the implementation of national and large projects.
Also, the policy of transfer of surplus property and assets of Sepeh Bank is still being implemented, and the legal process of selling real estate and land and buildings with an expert value of approximately 150 thousand billion Rials through auction is about to be carried out.