Speaking at the 7th Iran Export Capability Exhibition (IranExpo 2025)
on Wednesday, Mohammadreza Saeedi highlighted the company’s goals for growth
and transformation, noting that the annual theme "Investment for
Production" adds significant responsibility to Shasta's objectives. Saeedi
revealed that Shasta is actively planning to implement key changes, including
restructuring its investment portfolio and fulfilling legal obligations
regarding asset divestitures.
"Shasta must undergo a significant transformation," said
Saeedi. "Part of this change is mandated by law, while the rest is based on
our strategic studies."
Saeedi explained that Shasta aims to transition from a controlling
management style to a more professional shareholder approach. He acknowledged
that transforming the company's decades-old investments will be a complex task,
and thus, a comprehensive plan of action is being developed by Shasta’s
strategic think tank.
He stressed that the divestitures should be carefully managed to avoid
disruption in Shasta's value chains. "This transition must move from
fragmented chains to integrated ones, from lower-tech to higher-tech
industries, from local markets to international platforms, and from off-market
to on-market investments," Saeedi added. He also noted that Shasta’s focus
will shift from excessive diversification to strategic concentration.
Regarding the company’s performance in the previous fiscal year,
Saeedi confirmed that Shasta’s profit reached approximately 30 trillion rials,
a return exceeding typical averages. He expressed optimism for continued growth
in the current year, based on ongoing efforts.
"The financial statements for this year are not final yet, and we
still have two to three months to go before closing the fiscal year," he
noted. "A more accurate evaluation will be available once the financials
are completed."
In terms of attracting investors, Saeedi emphasized that Shasta views
asset sales not merely as divestitures but as investment packages that will be
open to the public. "We plan to inform investors about upcoming asset
releases, and they can participate in line with the government’s
objectives," he said.
Saeedi also discussed the significance of the IranExpo 2025
exhibition, noting its importance as a platform for showcasing products,
technologies, and fostering networking. "Business fundamentally thrives
within networks. Shasta is committed to engaging with these networks to create
value," he concluded.