Padideh Shandiz
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FormerlyKavoshgaran Saham Investment Company
Company typePrivate Joint-stock
IndustryRestaurants, Tourism and Construction
Founded6 February 2005 (20 years ago)
 | |
| Formerly | Kavoshgaran Saham Investment Company |
|---|---|
| Company type | Private Joint-stock |
| Industry | Restaurants, Tourism and Construction |
| Founded | 6 February 2005 (20 years ago) |
| Founder | Mohsen Pahlavan[1] |
| Headquarters | , |
Area served | Mashhad, Tehran, Kish Island, Shandiz |
| Total assets | 200,000,000,000,000 Rials[1] ($6.3b USD) |
Number of employees | 30,000 (2015)[1] |
| Website | http://www.padide.com |
[2]Padideh Shandiz International Tourism Development Company (known as Padideh Shandiz، پدیده شاندیز) is an Iranian private joint-stock holding company active in restaurants, tourism and construction.[1]
The company behaves like a public company by selling stocks despite being a joint-stock. Its share price jumped from 2,000 to 100,000 Rials from 2009 to 2014. In January 2015, a prosecutor in Mashhad accused the company of a "fraud" worth $34.3 billion. Although the allegation was denied by the company's chairman, it resulted to a 20% share price value drop. The company is currently controversially under investigation by Iranian Judiciary.[1] The company is allegedly manipulating the shares.[3]
