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Mofid Securities is a privately owned investment advisory and a full service
brokerage A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be conf ...
firm in
Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkm ...
that was established in 1994. Mofid was one of the top 4 performers among
Tehran Stock Exchange The Tehran Stock Exchange (TSE) ( fa, بورس اوراق بهادار تهران, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. , 339 companies with a com ...
firms between 2010 and 2013. Based on a report executed on 21 March 2015 more than 23% electronic deals were performed through Mofid Securities Co.. Mofid has divided its core business into companies since 2016. Mofid Entekhab is the asset management arm of the group managing $89 M in October 2017, Mofid Idea is the advisory arm providing M&A and advisory services to corporates and Pouya Finance is the data processing arm, providing easy access to market data and financial statements.


History

Mofid Securities Company was established in 1994 by Hamid Azarakhsh.


Logo

Mofid Securities logo was redesigned in 2015 by Design Vand studio, Iranian partner of
Rob Janoff Rob Janoff is an American graphic designer of corporate logos and identities, printed advertisements and television commercials. He is known for his creation of the Apple logo. In 1977, Janoff worked for Regis McKenna as an art director and was t ...
. The new logo is designed based on a pattern on an ancient Iranian pottery found in
Tepe Hissar Tepe Hissar (also spelled Tappeh Hesār) is a prehistoric site located in the village Heydarabad just south of Damghan in Semnan Province in northeastern Iran. The site is notable for its uninterrupted occupational history from the 5th to th ...
.


Global investment advisory

In 2015, Mofid Securities and Sturgeon Capital, which is based in
London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
and oversees $80 million in frontier and emerging markets, announced plans to invest in Iran’s consumer-facing companies, including pharmaceuticals, banks and consumer discretionary. The fund is based in
Bermuda ) , anthem = " God Save the King" , song_type = National song , song = "Hail to Bermuda" , image_map = , map_caption = , image_map2 = , mapsize2 = , map_caption2 = , subdivision_type = Sovereign state , subdivision_name = , ...
and will be " sanctions compliant".


Partnership with Azimut Holding

On October 6, 2017,
Azimut Holding Azimut Holding is an Italian asset management company, based in Milan, Italy, with branches in Australia, Brazil, Chile, China, Egypt, Ireland, Luxembourg, Mexico, Monaco, Singapore, Switzerland, Taiwan, Turkey, United Arab Emirates and the Unite ...
, an Italian independent asset manager, and Mofid Securities engaged into a contract in which Mofid Securities sold a 20% stake in its asset management business, Mofid Entekhab, to
Azimut Holding Azimut Holding is an Italian asset management company, based in Milan, Italy, with branches in Australia, Brazil, Chile, China, Egypt, Ireland, Luxembourg, Mexico, Monaco, Singapore, Switzerland, Taiwan, Turkey, United Arab Emirates and the Unite ...
. This partnership is aiming to develop an onshore financial advisory platform and establish an
offshore fund An offshore fund is generally a collective investment scheme domiciled in an offshore jurisdiction. Like the term "offshore company", the term is more descriptive than definitive, and both the words 'offshore' and 'fund' may be construed differ ...
enabling foreign investors to access Iranian capital markets. The parties have ensured that the partnership will be compliant with economic sanctions requirements.


See also

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Venture capital in Iran Following the Iranian Revolution, Iran's banking system was transformed to be run on an Islamic interest-free basis. As of 2010 there were seven large government-run commercial banks. As of March 2014, Iran's banking assets made up over a third o ...
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Iranian Rial The rial ( fa, ریال ایران, riyâl-è Irân; sign: ﷼; abbreviation: Rl (singular) and Rls (plural) or IR in Latin; ISO code: IRR) is the official currency of Iran. There is no official symbol for the currency but the Iranian standar ...
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Economy of Iran The economy of Iran is a mixed economy with a large state-owned sector and is the largest in the Middle East in terms of nominal GDP. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally ...
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Iranian Oil Bourse The Iranian Oil Bourse ( fa, بورس نفت ایران), International Oil Bourse, Iran Petroleum Exchange Kish Exchange or Oil Bourse in Kish (IOB; the official English language name is unclear) also known as Iran Crude Oil Exchange, is a commod ...
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Central Bank of Iran The Central Bank of Iran (CBI), also known as ''Bank Markazi'', officially the Central Bank of the Islamic Republic of Iran ( fa, بانک مرکزی جمهوری اسلامی ايران, Bank Markazi-ye Jomhuri-ye Eslāmi-ye Irān; SWIFT Code: ...
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National Development Fund The National Development Fund of Iran (NDFI) ( fa, صندوق توسعه ملی) is Iran's sovereign wealth fund. It was founded in 2011 to supplement the Oil Stabilization Fund. NDFI is independent of the government's budget. Based on Article ...
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Iranian Economic Reform Plan The economy of Iran is a mixed economy with a large state-owned sector and is the largest in the Middle East in terms of nominal GDP. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally pla ...
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Banking and insurance in Iran Following the Iranian Revolution, Iran's banking system was transformed to be run on an Islamic interest-free basis. As of 2010 there were seven large government-run commercial banks. As of March 2014, Iran's banking assets made up over a third o ...
*
List of major economic laws in Iran The list of major laws and legal acts affecting trade in goods and services in Iran as of 2009:Financial services companies established in 1994 Financial services companies of Iran