News and Announcements
Introduction of Faraz Aria Development Holding in the Donya‑ye‑Eghtesad Special Edition
Faraz Aria Industrial Development Holding (Public Joint Stock Company), after obtaining initial approval from the Securities and Exchange Organization in 2024, has expanded its activities as a multi‑disciplinary holding company.
By managing four subsidiary companies in the fields of wire and cable production, investment, commerce, and industry, the group operates with the goal of sustainable development, increasing shareholder asset value, and attracting new investors.
The holding Faraz Aria Industrial Development (Public Joint Stock Company), which was registered under No. 483203 on 08/09/2015 with the Companies Registration Office, obtained initial approval in 2024 from the Securities and Exchange Organization to be converted into a multi-disciplinary holding.
The purpose of establishing holding companies is to manage and guide subsidiary companies and to increase the value of shareholders’ assets. Faraz Aria Industrial Development Holding also moves toward growth and sustainability by relying on sustainable development, scientific investment, and optimal resource management.
Over the past two years, the company has begun its main activities as a multi-disciplinary holding and currently has four subsidiaries operating in different sectors.
Subsidiary Companies
- Erik Cable Ofogh – Production of copper wires and cables
- Fan and Industry Development Yar Iranian – Production of aluminum wires and cables and scrap processing
- Modiran Neosad Industrial Development Investment – Investment and portfolio management in the capital market
- Rahyab Fan Gostar Trade Development – Activities in commerce, construction, and mining
Role and Mission of the Holding
The mission of this holding is to provide executive supervision over subsidiary companies, support production, define risk management parameters, and employ specialized professionals in appropriate positions in line with the overall strategy of the group.
The registered capital of the holding currently exceeds 1,200 billion rials, and the group welcomes new investors to collaborate in expanding its activities and diversifying investments.