# Iran Investment Company

Iran Investment Company is an Asset Manager based in Tehran, Iran.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tehran, Iran
- **Region:** Middle East
- **Address:** No. 2, Nader Alley, Vali-Asr Str., Tehran, Iran
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** https://www.iihc.ir
- **LinkedIn:** https://www.linkedin.com/company/iran-investment-co

## Regulatory record

- **Reports private funds:** No

## About

یکی از اولین هلدینگ‏‏ های خصوصی چند رشته ای فعال صنعت پتروشیمی، نیروگاهی، معادن و لجستیک دریایی

## Sectors

- Real Estate
- Energy Transition & Renewables

## People

- Alinaghi Khamoushi — Chairman of the Board

## Questions

### Who controls Iran Investment Company?

The firm is a subsidiary of Bank Melli Iran, the country's largest state-owned bank, which established IIC as an investment holding entity in 1998. Chairman Alinaghi Khamoushi has led the firm since its founding. The firm's governance extends beyond the banking system to state-linked foundations, including the Execution of Imam Khomeini's Order (Setad), which operates under the authority of the Supreme Leader's office.

### What asset classes does Iran Investment Company hold?

The firm maintains a generalist mandate that covers direct equity stakes in industrial and petrochemical companies, commercial real estate assets, and infrastructure projects. Public records confirm a mixed-use development in Latakia, Syria, and an Airbus A321-200 aircraft leasing operation alongside domestic industrial holdings. The portfolio blends operating companies with hard assets.

### Does Iran Investment Company operate outside Iran?

Yes. The firm maintains a confirmed real estate development project in Latakia, Syria, and has historically operated cross-border vehicles such as the Pak-Iran Investment Company, which channels capital into Pakistani infrastructure and financial services in partnership with local institutions. Its aircraft leasing fleet also operates across international routes.

### Where does Iran Investment Company's deal flow originate?

The firm sources the majority of its investments through equity transfers from Bank Melli Iran's loan-to-equity conversions and state privatization programs. Rather than competing in open auctions or venture pipelines, IIC receives assets from within the state banking ecosystem, giving it a captive origination model that outside asset managers cannot replicate.

### What investment stages does Iran Investment Company typically target?

IIC does not operate on a venture or growth-equity stage model. It primarily holds mature, established industrial and infrastructure assets that originate from Bank Melli Iran's balance sheet or state privatization programs. The firm functions as a permanent capital vehicle for existing assets rather than a fund that enters and exits positions on a defined timeline.

### Is Iran Investment Company affected by international sanctions?

Bank Melli Iran, IIC's parent entity, has been subject to comprehensive sanctions designations by the U.S. Treasury Department and other international bodies. These designations directly affect the firm's ability to transact in dollars or access Western financial infrastructure. The firm's cross-border activities in Syria and its aircraft leasing operations operate outside the Western banking system.

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Last updated: 2026-05-30T19:23:29.266Z

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