IDRO is a major shareholder in giant automotive conglomerate, Iran Khodro. One of Iran KhodroIran Khodro’s shareholders is Negar Nasr, a Company affiliated with the Basij. While it seems that it only holds 5.5% of Iran Khodro’s shares, Negar Nasr’s, Mr. Mahmoud Robab Esmaeili, on behalf of the Negar Nasr as a managing Director, is acting as a member of the Board in Sepehr Kish Investmentis. This means that Negar Nasr’s is a major player in Iran Khodro able to influence the inner workings of Iran Khodro, well beyond the 5.5% of shares they own.
Iran Khodro shareholders (Based on the latest information found in the Tehran Stock Exchange’s website (August 2017) and Iran Khodro latest annual report from March 2017):
| Shareholder’s Name | % of Ownership | Info |
|---|---|---|
| Tadbir Arad Investing Company | 15.23% | Tadbir Arad is owned by Crouse Company. The latter purchased the controlling share of the Bahman Group on June 2016, in what seems to be a move by the IRGC to exit the fledgling Iranian automotive industry |
| IDRO | 14.02% | IDRO’s shareholding is divided into two parts. One of 12.29% and the other holds an additional 1.73% of Iran Khodro’s shares |
| Samand Investment Company | 10.24% | Part of the Iran Khodro Group |
| Sepehr Iranian Kish Trading Company | 10.59% | Like IDRO, Sepehr Kish’s shareholding is divided into two parts. One of 7.6% and an additional one of 2.99% |
| Negar Nasr Company | 5.5% | Negar Nasr Company is controlled by the Bonyad Ta’avon Basij – Organization that is affiliated with the IRGC |
| National Pension Fund | 4.98% | Ministry of Welfare Social Security |
| Iran National Investment Company | 4.3% | |
| National Pension Fund Investment Company | 3.03% | |
| Bank Pasargad Financial Group | 1.93% | |
| Saba Tamin Investment Company | 1.93% | Ministry of Energy |