Tehran- Managing director of Sadr Tamin Investment Company (known by stock ticker symbol TASSICO) urged top directors of the company to stick to and exert efforts to implement proposed plans for the Iranian year to March 19, 2024.

In a meeting with members of the board of directors and senior managers of the company on April 16, Amir-Hossein Naderi, TASSICO’s chief executive, expressed greetings on the start of the new Iranian year and wished God to accept prayers in the holy month of Ramadhan.

He praised TASSICO’s performance in the past Iranian year to become the top company in the mine and mining industry in Iran while it made outstanding progress in fields such as rare-earth elements and strategic minerals, coal, and gold.

In the capital market, TASSICO’s CEO said, the company recorded an annual growth of 121 percent, meaning it was a year with high returns for the shareholders.

Despite being a challenging tough year, the company managed to perform well thanks to solidarity between the board of directors and employees, he said, singling out difficulties as matters such as taking required permissions from the state entities for projects.

“Permissions for 15 to 20 projects were taken now while capital increase for these projects was approved too,” Naderi said, adding that an extraordinary general meeting would be held soon.

The top director said that this Iranian year would focus on putting the plans whose permission was acquired, into action for the goal of curbing inflation and increasing production in the country.

Naderi predicted a very good year for the capital market ahead. “We will go on to walk in the same path we have started since last year. We are not going to stop. For instance, [talks about] gold public corporation will finally bear fruit with the help of the government and Shasta (Social Security Investment Company (SSIC, also known by its Persian acronym Shasta)),” he insisted.

On exports, the chief executive noted that subsidiaries of TASSICO did a great job in this regard, therefore the company experienced a 160-percent rise in exports in total.

Naderi singled out paying attention to knowledge-based businesses, moving away from the US dollar and other measures as achievements of the last year, which were carried out to comply with orders by the supreme leader Ayatollah Ali Khamenei. He stressed that the top leader knows the best when it comes to the country’s macro policies and decisions.   

Naderi said that he was proud of the company because it acted in compliance with policies of the Islamic system last year.

The meeting continued with introduction of Ali Mahmoudi as acting deputy for planning affairs and Mohsen Parvan as acting head of finance and administration department.

Naderi expressed gratitude for Mahmoudi’s predecessor Dr Ehsan Ahmadi, who was appointed deputy director of Shasta for planning and development affairs and wished success for Mahmoudi in his new job.

Also, Mr Parvan, an experienced manager with a great record, would take over the finance and administration department, he added.

The top director described his executive team as strong, predicting high economic achievements to be gained by TASSICO in the field of mine and mining industries.

Meanwhile, Saeed Oboudi, chairman of board of directors of Sadr Tamin Investment Company, also greeted the new Iranian year and wished Allah to accept prayers in the month of Ramadhan.

He welcomed appointment of the two new directors –Dr Mahmoudi and Mr Parvan, wishing them success in the posts.

Oboudi stressed that the board of directors would stick to rules and regulations as it did in the past to preserve the interests of shareholders.