Ghadir Investment Company
 

 

Ghadir Investment Company is the investment arm of BSI Group. It is listed at the Tehran Stock Exchange with a registered share capital of Rials 5,062 billion (US$ 554 million).

History

Established in October 1991 under the name Bank Saderat Investment Company, the company was initially registered in the form of a private joint stock company. In 1995, in preparation for a listing, the company became a public joint stock company and was renamed to Ghadir Investment Company. On March 16, 1996, Ghadir Investment Company was listed as the first investment company at the Tehran Stock Exchange.

Activity Profile

At balance sheet date Ghadir Investment Company had a portfolio of long-term investments worth Rials 8,127 billion (US$ 885 million) as compared to Rials 5,104 billion (US$ 558 million) a year before.

Ghadir's investments are mainly in the following industries:
     - Petrochemicals
     - Construction
     - Non-metal mining
     - Energy-consuming industries such as steel and aluminium
     - New services such as leasing and credit card

The main subsidiaries of Ghadir Investment Company are as follows:

Main Activities

Name

Investment in cement and other industries
Investment and constructing and housing
Investment and trade in the agricultural sector
Financial and management advisory services
Manufacturing of electric motors
International Trade

Cement Industry Investment Co.
International Construction Development Co.
Green Investment Co.
Ghadir Management Services
Motogen
Al-Masader (Dubai, UAE)

Financial Highlights 1

The consolidated assets of Ghadir Investment Company increased by 26% from Rials 14,501 billion (US$ 1,636 million) in 2004 to Rials 18,235 billion (US$ 1,995 million) in 2005. The growth is mainly due to the rise in goodwill related to the purchase of share packages in Sepahan Cement, Shargh Cement and International Construction Development Company by Ghadir and its subsidiaries.

At the same time, the shareholders' equity and total liabilities increased by 34% and 19% respectively.

The consolidated net profit increased by 4% to reach Rials 3,604 billion (US$ 399 million) in 2005 compared to Rials 3,465 billion (US$ 397 million) in 2004. The consolidated profit before taxation reached Rials 3,691 billion (US$ 409 million), experiencing a growth of 2.4% compared to Rials 3,604 billion (US$ 413 million) in the previous year.

In terms of market capitalization Ghadir Investment Company is the largest investment company listed at the TSE. On March 20, 2006 it had a market capitalization of Rials 20,685 billion (US$ 2,264 million), representing 6.3% of the total capitalization of the TSE.

1 The financial year of Bank Saderat follows the Iranian calendar year, starting on March 21 of each year and ending on March 20 the following year.