Shahr Financial Group

Profitability Alongside Urban Development

Shahr Financial Group History

The path of growth and excellence from establishment to IPO

In today's world, the role of monetary and financial systems in economic growth and development is evident to everyone. In line with the principles of a resilient economy and completing its service value chain, Shahr Bank established Shahr Financial Group to act as a powerful arm of the bank, playing a significant role in various economic sectors.

Shahr Financial Group intends to leverage the expertise of its professionals to facilitate the expansion of the Bank's activities in all financial arenas, including financing, leasing, brokerage, insurance, and tourism.

Nov 20, 2012

Established as "Rasta Economic Development Group"

Founded as a Private Joint Stock Company under registration number 432077, 100% owned by Shahr Bank, with an initial capital of 1,000 billion Rials to optimize the management of subsidiaries.

Expansion of Activities

Renamed to "Shahr Financial Group"

Completing the financial services chain of Shahr Bank and acting as the executive arm in brokerage, investment, and leasing sectors.

Oct 4, 2022

Registered as a Financial Institution (Holding)

Registration of the company name in the list of companies registered with the Securities and Exchange Organization under number 12030.

June 11, 2023

Public Stock Offering (IPO)

Public offering of company shares in the Second Market of the Tehran Stock Exchange.

GMSH

Shahr Financial G.

Ticker: GMSH

Mar 15, 2023 Acceptance Date

Public Joint Stock Company Type

Company Activities

Investment, Executive Services, and Value Chain Development

Investment & Management Control

Investing in shares, partnership interests, and fund units with the aim of profiting and controlling companies in the following areas:

Securities Investment Portfolio Management Capital Financing Financial IT Brokerage Leasing & Insurance Real Estate

Services to Investee Companies

2-1. Executive & Procurement

Procurement and purchase of raw materials and machinery for investee legal entities.

2-2. Engineering Services

Principled engineering design and project assurance.

2-3. Studies & Research

Technological, technical, scientific, commercial, and economic studies.

2-4. Financing

Obtaining bank facilities, securing collateral, and guaranteeing repayment for investees.

2-5. Strategy Formulation

Formulating general, strategic, and managerial policies.

2-6. Opportunity Identification

Identifying investment opportunities to introduce to companies.

Strategy & Vision

Shahr Financial Group's roadmap for sustainable value creation

Mission Statement

Shahr Financial Group strives to maximize the interests of its shareholders and stakeholders by utilizing effective corporate governance in managing subsidiaries and providing financial supply chain services at national and international levels, leveraging modern technologies.

Vision

Achieving the position of a leading, knowledge-based financial group with a diverse portfolio of technological services.

Strategic Goals

Financial Perspective

Increasing profitability and returns
Reducing investment and operational risks
Reducing the cost of capital
Improving and diversifying the stock portfolio
Increasing technological investments

Stakeholder Perspective

Increasing shareholder satisfaction
Increasing service diversity
Advertising and enhancing media presence
Attracting and retaining strategic customers

Internal Processes

Managing listed and unlisted portfolios
Standardizing activities and processes
Financial discipline and internal audit
Improving supervision of subsidiaries

Organizational Capacity

Completing the financial services value chain
Empowering human capital
Offering shares of subsidiaries
Focusing on startups and knowledge-based firms

Core Values

Continuous value creation for stakeholders and sustainable profit

Transparency and fairness in reporting and service delivery

Commitment to social and corporate responsibilities

Protecting customer rights and interests

Developing a culture of professional ethics and teamwork

Utilizing modern technology and knowledge

CEO Message

Opening remarks and vision from senior management

Shahr Financial Group, as a dynamic and reputable multi-disciplinary holding, is proud to take steps towards playing a role in the economic growth and development of the country and participating in productive investments, standing as one of the active institutions in the Iranian capital market.

With the guidance and investment of Shahr Bank and the use of valuable human capital and resources, Shahr Financial Group has an effective presence in various investment arenas. Based on its strategic goals, it holds a special position alongside other components of the capital market in realizing the country's economic development and the growth of the real economy.

The company will manage its investment portfolio based on its smart roadmap, focusing on portfolio diversification and risk management. Undoubtedly, maximizing investment opportunities in various markets will be one of the main priorities of the company's strategic planning in this path.

The company is determined to maximize benefits and create sustainable value for its shareholders and stakeholders, despite the country's economic limitations and conditions resulting from unjust foreign sanctions.

It is hoped that the efforts of the company's colleagues will be blessed by the Almighty, and divine grace will always accompany us on the path to achieving the company's goals.

CEO Shahr Financial Group

Board of Directors

Leadership team and policy-making body of Shahr Financial Group

The current composition of the Board of Directors of Shahr Financial Group is as follows:

Ali Beigzadeh

CEO & Board Member

Representative: Shahr Bank Staff Future Provision Institute

Abbas Memarnejad

Chairman of the Board

Representative: Shahr Bank

Mohsen Ranjbar

Vice Chairman

Representative: Shahr Leasing Company

Ali Akbar Pourebrahim Abadi

Board Member

Representative: Shahr Smart Strategy Company

Hamidreza Esmaeili

Board Member

Representative: Jahan Housing & Construction Company

For more detailed information, please visit the Board of Directors page.

Capital Increase History

From the company's inception on Nov 20, 2012 until July 8, 2020, the capital was 1,000 Billion Rials, divided into 1 billion shares of 1,000 Rials each. On July 8, 2020, it was increased to 3,000 Billion Rials, divided into 3 billion shares of 1,000 Rials each.

Based on the resolution of the Extraordinary General Meeting dated March 2, 2021, the company's capital increased from 3,000 Billion Rials to 26,000 Billion Rials. Subsequently, according to the Extraordinary General Meeting held on September 21, 2021, the registered capital reached 33,000 Billion Rials. Finally, the company's latest registered capital increased to 50,000 Billion Rials on Nov 5, 2025.

1,000 Billion Nov 20, 2012

3,000 Billion Jul 08, 2020

26,000 Billion Mar 02, 2021

33,000 Billion Sep 21, 2021

50,000 Billion Nov 05, 2025 (Current)

Subsidiary Companies

With the vision of providing a comprehensive portfolio of practical financial services, Shahr Financial Group—as the specialized financial holding of Bank Shahr—aims to complete the Bank's value chain and maximize shareholder wealth. By leveraging the expertise and innovative ideas of our managers and specialists, we are committed to ensuring the highest level of satisfaction for our clients and stakeholders across all financial sectors.

Subsidiary Companies Codal Reports