Introducing MIDHCO Holding

Midco's establishment time and capital

The Middle East Mines and Mineral Industries Development Holding Company is a 100% private and public company for the purpose of investment and development in the mining and mineral industries sector of the country, with the permission of the Stock Exchange and Securities Organization of the country and public subscription and capital of 1.000 billion Rials, established in December 2016. It has started working. Midco's capital has increased to 140,000 billion Rials by increasing the capital in thirteen stages.

The subject of Midco's activity

This specialized holding works with the aim of investing in the country's mines and mineral industries. In this way, all the companies under the Midco group are suppliers of this specialized purpose.

Midco management model

Midco's management model is based on strategic control, in the sense that the setting of the same rules and standards governing the subsidiaries is the responsibility of the holding headquarters and will supervise their implementation. Subsidiary companies are independent and subordinate to their board of directors in their company management.

Midco slogan:Our development starts from mining.

Midco's goal:Increasing the value of shareholders' shares

Midco feature: health, speed, precision, order, unity

Management area of Midco

This specialized holding works with the purpose of investing in the country's mines and mining industries. In this way, all the subsidiaries in the Midco group are suppliers of this specialized purpose.

• Determining the vision, goals, mission and strategies in the holding group
• Determining the holding group's strategy document
• Management of macro risks and coordination between tripartite committees

The story of Midco

The specialized parent company for the development of mines and mineral industries of the Middle East (public shares) was founded in 1386, relying on knowledge and expertise, as well as a banking, mining and industrial fund, and was registered in the General Directorate of Companies and Industrial Property Registration on December 16, 1386 under number 310643. . With the change of management in 2017, this company was determined to take steps in line with the government's policies related to clauses A, B and C of Article 44 of the Constitution, with the aim of developing mines and mining industries, strengthening the private sector, reducing government ownership, developing Industrial and mining entrepreneurship and actualizing the potential capacities of the country should be a continuous effort. This leading group, which operates in the specialized field of mining and mineral industries, is becoming a development model for the country in terms of the volume of projects and their nature. Due to the good engineering and management potential of this company and its superior performance in the Middle East, it has been able to be ranked among the top 10 mining companies in the world. This company has the highest technology of copper production by industrial bioleaching method in the world and has used the highest level of technology in the blast furnace and direct regeneration method in the country.