Oil Stabilisation Fund
Established: 1998
US$ Billion: 13
Origin: Oil
Transparency Rating: 1
Summary:
This fund was made to invest Iran's Oil Revenues. The investment arm is the IFIC, The Iran Foreign Investment Company. It was incorporated in March 1998 as a Private Joint Stock company with a mission to manage and expand Iranian holdings abroad.
A holding company, IFIC provides financing and financial services and makes investments around the world. IFIC has interests in energy, telecom and IT, banking, insurance, stock markets, industry, mining, oil, gas and petrochemicals, as well as new and future technologies.
Currently IFIC has ventures in different countries including Germany, Brazil, Egypt, Jordan, Sudan, Yemen, Namibia, Oman, United Arab Emirates and Armenia.
News and Updates
Website
Iran - Oil Stabilization Fund
Major Direct Foreign Investments (Public)
| Company |
Country |
Industry |
% Ownership |
Comments |
| Taageer Finance Company |
Oman |
Financials |
12% |
Went Public in 2005 |
|
Major Direct Foreign Investments (Private)
| Company |
Country |
Type |
% Ownership |
Comments |
| Misr Iran Development Bank |
Egypt |
Private Stock |
40.14% |
|
| Yemen Company for Mobile Telephony |
Yemen |
Private Stock |
10% |
Known as Sabafon |
| Injazat Technology Fund |
UAE |
Venture Capital |
10% |
|
|
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
Fund Information Feedback: please email update@swfinstitute.org
Please read Fund Feedback Policy, only reply if you are representative of this Fund.
|
