Arzesh Afarinan Pasargad Group

Arzesh Afarinan at a Glance

Arzesh Afarinan at a Glance

Since its foundation in 2006, Arzesh Afarinan Pasargad Group has built a track record of which we are extremely proud. Our revenue has been increased every year since the beginning and reached to $508 million in 2016. The Company’s investments amounts to $546 million and the net profit of about $88 million was gained by the Group in the year. We have the aim to maximize our shareholders’ value through investments in a diversified portfolio including mining, energy, construction, information technology and financial services.

First, in Energy sector Arzesh Afarinan Pasargad Group has invested in different fields through Pasargad Energy Development Company (PEDC) with capacity of around $8 billion projects in Oil & Gas, Petrochemical, Power Generation and Chemical products.

in Mining sector we have invested in value chain of steel from ore to steel through MIDHCO Company which produces iron ore concentrate plants, steel making Project of 4.2 million tons, plates with 7.5 million tons capacity, coke making plant with capacity of 800 thousand tons, coal preparation plant of 1.1 million tons per annual capacity and Ferro siliceous plant with capacity of 12 thousand tons.

In ICT sector we have invested in technology and communication through FANAP Company which is high active in Banking and Finance, Payment Services, Telecom, ERP, ICT Infrastructure, Health and Public Sector, Mobile Virtual Network operator (MVNO), Long-Term Evolution (LTE) and Internet Protocol Television (IPTV) with more than 2,000 employees.

In Financial sector Arsesh Afarinan Pasargad Group has an investment seat in one of the largest reinsurance companies in Iran called Iranian Reinsurance Company (Iranian Re) and also Pasargad Insurance Company which has been awarded the Best Insurance Company in the country, as well as investments in Brokerage House, Machinery & Equipment Leasing, Exchange and Payment systems.

Arzesh Afarinan Pasargad Group’s success is down to the quality of its people. Our management team is committed to all its stakeholders and to implementing best practice standards from both a technical and corporate perspective. Looking to the future, we are targeting profitable value growth of our shares while maintaining our highly competitive position on the portfolio. We are trying to expand our investments internationally and attract foreign investment and different kind of funds consistent free cash flow generations which enable us to continue investing in our exciting industries.

We firmly believe creating sustainable value, complying with the highest applicable standards, making positive economic and social contributions to communities, and engaging openly and transparently with all our stakeholders. It is only by engaging with our communities and subsidiaries that we can be successful in the long term.