IRAN SHIPBUILDING & OFFSHORE INDUSTRIES COMPLEX (ISOICO)         5822

SHIPYARD / SHIP REPAIR

Members of the board of Iran Shipbuilding & Offshore Industries Complex (ISOICO) have established six subsidiaries in order to optimize the use of existing capabilities, better management efficiency, flexibility in competition, cost reduction, value creation, benefiting from comparative advantages in the country and immunization investments as well as following benefits: -Facilitating activities -Reduction in the hierarchy of decision making and speeding up the further actions -Creating opportunity for investors via participation of domestic and foreign companie -Creating a balance of negotiation power in trade and commerce -Creating synergy between the compani -Increasing the risk management of commercial-industrial activities -Ability to monitor and control the performance of subsidiaries according to its release from executive activities Increasing the concentration of mother company in order to develop investment, quality and quantity of missions and activities. *** There are six subsidiaries in the field of shipbuilding, repair and offshore industries which are managed by a holding. *** -Nadim Gostaresh Persian Gulf- -Shafagh Hormoz Mehr- -Azim Gostaresh Hormoz- -Mobin Saze Gostar Persian Gulf- -Persia Hormoz- -Bahr Gostaresh Hormoz-morehide

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