Info:
Kowsar Economic Organization is being owned or controlled by the Office of the Supreme Leader and the Martyr and Veterans Affairs Foundation;
The Kowsar Organization, is active in many economic sectors, including mining, agriculture, healthcare, electronics, construction, animal husbandry, hotels and other areas;
Kowsar Economic Organization considers the conditions of sanctions as an opportunity to produce more of its products, which can be referred to some of the organization’s actions in various fields, such as Jamco Company’s electromotor products, with its new activities to meet the needs of the country and even Production of electric motors with a capacity of 10 MB has been announced, as well as Shahab TV, which has expanded its production compared to 1995 and 1996;
The activities of Kowsar Economic Organization have been in the direction of resistance economy so far and the same path should be followed and in this regard, agility, saving, merging parallel activities, assigning companies without production and reducing costs should always be emphasized. Also, the activities must be within the framework of the articles of association, approvals and instructions issued by the economic field of the Office of the Supreme Leader and the policies of the government and the Martyr and Veterans Affairs Foundation.
According to official media, Kowsar Agricultural Investment Company has 52 percent of the Pars company’s shares as well as adding 8 percent of shares are owned by Kowsar Economic Organization as a subsidiary of Kowsar company. Remarkably, Kowsar Economic Organization is affiliated with the Martyrs and Veterans Affairs Foundation that is a part of the supreme leader Ali Khamenei’s economic empire;
The Stars Fund of Fund has been established with the participation of the Execution of Imam Khomeini’s order, the Vice President for Science and Technology and the Islamic Azad University. Kowsar Economic Organization, Imam Khomeini Relief Committee Economic Complex, Razavi Economic Organization, Iran Mobile Communications Company (Hamrah Aval), Etemad Development Company are the investors of this fund who have confirmed their participation by investing in the underwriting period. The main activity of this fund is investing in various types of investment funds licensed by the Exchange Organization and participating in their establishment;
Fund named Setaregan was provided by state and religious entities such as the Execution of Imam’s Decree Headquarters, Mostazafan Foundation, Astan-e Qods-e Razavi and the Islamic Propaganda Organization, which are controlled by Khamenei. According to the Islamic Republic News Agency the other investors in the fund include the Science and Technology Department of the Presidential Office, Azad Univerity, Kowsar Economic Organization (a holding affiliated to Martyr’s Foundation), Etemad Mobin consortium (partly owned by the Revolutionary Guards) and Imam Khomeini Relief Committee as well as Iran’s Mobile Telecommunications Company;
The U.S. Department of the Treasury designated the Martyrs Foundation on July 24, 2007 under Executive Order 13224. Designations under E.O. 13224 freeze any assets the designees may have under U.S. jurisdiction and prohibit transactions by U.S. persons with the designees. In its statement, Treasury said, “The Martyrs Foundation is an Iranian parastatal organization that channels financial support from Iran to several terrorist organizations in the Levant, including Hizballah, Hamas, and the Palestinian Islamic Jihad (PIJ);
Subsidiaries:
– Sobhan Investments
– Tehran Electric
– Namad Kowsar Food Industry Investments
– Kowsar Agricultural Investments, which owns 24 companies
– Kowsar Mining and Industrial Development Investments (whose portfolio of mines has grown to 10,000 kilometers since 2015)
– Kowsar Power and Electronics Investment
– Kowsar Agricultural Mechanization and Industrial Development
– Moin Kowsar Construction and Builders Investment
– Kowsar Credit Union. According to the financial institution itself, in 2015 its assets were worth over $4.1B.
– Zakhireh Shahed Investments owns 10 companies whose activities range from construction, energy production, and commerce to airport services. The company started back in 1984 with a few thousand dollars given by Khomeini.
– Agricultural Industry Development Services (in Zanjan)
– Khorasan Cotton and Cooking Oil
– Shahed University
– Imam Khomeini Technical Center
– Shahed Charity Fund
– Kosar Saba Industry Development Company
Country:
Iran
Address:
Tehran, Iran
Person of interests:
Mohammad-Rezaq Eskandari – Managing Director of Kowsar Economic Organization
Reason for the color:
» IRGC Financial Empire;