Petroshimiran (Private Joint Stock)
Petroshimiran Company (Private Joint Stock) was founded in 1382 to bring private-sector investment into the petrochemical industry. From the outset the company has been a major shareholder, owning 44 percent of Jampilen Petrochemical; 51 percent of Petroshimiran itself belongs to the Civil Servants Pension Fund group (Jam Petrochemical and the Civil Servants Pension Fund Investment Company). In 1404 the company became a financial institution (a holding company) supervised by the Securities and Exchange Organisation, and under its articles of association its purpose is investment in shares, raising finance, and investment in fund units or other securities. Petroshimiran's mission is to invest in profitable areas with a focus on the petrochemical industry, in order to generate sustainable profit and create value for shareholders.
Principal objectives:
- Asset management and investment in the capital market
- Investment in the petrochemical industry value chain
- Technical and economic studies for building production and service units in the oil, gas and petrochemical industry
- Management contracting (MC) services for petrochemical projects and commercial services within the industry
- Developing financial applications, solutions and instruments to improve activities and raise finance in the petrochemical industry
Jam Petrochemical owns 34.27 percent of this company's shares. The company is managed by Dr. Mehdi Tamizifar.