Saipa Corporation

Status:
Risk Alert – Entities in a problematic sector – Sector controlled by the Top Alert entities

Info:
Owner of Saipa Corp. is The Industrial Development & Renovation Organization of Iran (IDRO)
with 35.75% shares;

Also Known As:
Saipa Motor corporation
Saipa Group
SAIPA

Involved In:
Military Weapon Program

Country:
Iran

Address:
Saipa Co., 9th Km. of Karaj Special Rd.,14584, Tehran

Phone:
(+98-21) 44196649,44197364

Web Site:
www.saipacorp.com

E-Mail:
[email protected]

Person of interests:
Mohsen Ghasem jahroodi (President and CEO);

Subsidaries:
Saipa Diesel
Pars Khodro
Zamyad Co.

Reason for the color:
» Subsidiary of the Industrial Development and Renovation Organization of Iran – Government body responsible for acceleration of Iran’s industrialization. Controls various companies involved in work for the nuclear and missile programs and involved in the foreign procurement of advanced manufacturing technology in order to support them. Former IRGC commander, former KAA head, and US and EU-sanctioned Rostam Ghasemi holds a position on the IDRO board of directors;
» SAIPA to produce Citroen crossover in Iran;
» Iran’s Saipa has exported $1.2 billion in car;

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