Subsidiary investing companies

Ownership percentage: 47.62
Mapna Group

MAPNA Group is an industrial enterprise, consisting of MAPNA Group Company, as a parent company, and more than 40 specialized subsidiaries and affiliates, which are engaged in a wide spectrum of businesses, including, engineering, construction and development of thermal power plants, renewables, combined heat and power (CHP) facilities, combined power generation and water desalination plants, as well as engineering, execution and development of offshore and onshore oil and gas projects, execution of rail transportation projects, electrification, medical imaging services, operation, repair and maintenance services. MAPNA is also engaged in financing industrial projects within a variety of investment frameworks.

Ownership percentage: 52.39

Farab was established and began operating as the main contractor in the field of energy and water projects in 1992. Success in its core business encouraged Farab to broaden its range of activities and engage step-by-step in oil, gas and petrochemical projects, railway industries, thermal power plants, and after installation services. Today, Farab is one of the leading contractors in Iran with a solid track record of quality, efficiency, safety and cost effectiveness.

Ownership percentage: 97.27
Omran Saman Harim Shargh

Among the main investment companies, Saba Electricity and Water Industries Investment Company (public shares); The executive and investor of one of the reconstruction and renovation projects of the dilapidated fabric surrounding the holy shrine of Razavi, currently in the best location compared to the holy shrine of Imam Reza (peace be upon him), located at the beginning of Shirazi Street (Bast Bala Street), next to Sahn Razvan, his collaborative project is under construction under the name of “Narjes and Rezvan commercial-residential complex”. The Narjes and Rizvan big project is the closest project to the holy shrine of Razavi.

Ownership percentage: 100
Maham Shargh Group

Mashhad head-quartered MSG is one of the country’s largest industrial participation group. with 10 subsidiaries in its fold, the group has a strong presence across core business such as Power, Water, Oil, Gas and Petrochemical industry, Mining and Metal anی Metro transportation to name a few. Established in 1997, MSG is one of Iran’s fastest growing business groups with a turnover of 200,000,000 $.

SABA Electricity and Water Industries Investment Company

SABA Investment Corp. was established with the aims of investing and participating in the power industry including: construction and operation of power plants; renewable energy production; transmission and power installation; distribution facilities and also in the areas of water industry including: dam construction; supply and production of drinking water; etc.