IFIC owns 12.49% of Taageer Finance Company

According to the Taageer Finance Company website, Iran Foreign Investment Company (IFIC) owns 12.49% of its shares.

Iran Foreign Investment Company (IFIC) is an entity that is owned or controlled by the Government of Iran.

Iran Foreign Investment Company was designated by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 3, 2010, but sanctions were removed in January 2016 as part of the Joint Comprehensive Plan of Action.

IFIC was also used by the Iranian mullah to invest money arount the world, invest in Europe companies which later supported Iran’s nuclear and missile program.

ifmat - Taareeg shares

ifmat - taageer finance shares

Notes to the financial statements for the year 2014 of Taageer Finance

 

Source: / taageer.com/about-us/share-holder/

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