According to the official website of Omid Investment Group (“www.omidinvestment.ir”), shareholders ownership percentage are:
1. Bank Sepah – 70.43%
– Bank Sepah is being designated on November 5, 2018, pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, MODAFL. As of 2017, Bank Sepah served as a financial platform for MODAFL to pay its agents abroad;
2. Bank staff pension fund – 16.67%
3. Welfare institute of sepah bank – 4.71%
4. Export development bank – 1.24%
The Export Development Bank of Iran (EDBI) is designated pursuant to E.O. 13224 for assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, MB Bank. According to the U.S. Department of the Treasury, has provided financial services to Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and several of its subordinate entities, and has facilitated procurement activities by front companies associated with MODAFL;
5. Other institute shareholders – 6.51%
6. Individual shareholders – 0.94%
