PEDC at a Glance

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.

PEDC is established as a holding company for investing in energy and related industries in 2008 We have more than 25,000 billion Rials of asset under management (book value of assets is about 13000) , that grew about 20 times during the last 5 years, including power plants, offshore drilling rigs and drilling services machineries, and a gas pipe production plant. We are in early stage of our development plans and we are considering projects for further investment exceeding 9 billion USD for the next 5 years . That will position us in top 5 biggest Iranian companies. Soild performance of our company in the past 5 years have secured our postion in the market . now we are one of the most trusted operators in dirlling services nationwide. We started acquiring 3 power plants and buying a new drilling rig. Net profit margin of about 30% is indicator of our wise investments in the past which is rarely seen in the energy business and return on capital of more than 40% shows our commitment to our values towards stakeholders. Average revenue growth of 138% in the past 5 years is another key point to consider as our engagement toward our goals. Maintaining this remarkable results will be harder as we grow and requires more endeavor and commitment that we have to provide.