Pomegranate investment AB, the European partner of Sarava, has succeeded in absorbing of up to €60 million of new investments from tens of European investors and will have an initial public offering through stock market. A group of European entrepreneurs founded Pomegranate Investment Company in 2014 under EU regulations, in order to provide investments in the ever-growing internet consumer market of Iran.
Pomegranate currently includes more than 200 investors mostly from Sweden, Austria, Switzerland, UK and Central or Eastern European countries that have bought its shares in private offering.
A larger part of Pomegranate’s investments in Iran was implemented through an increase of capital and the acquisition of a small part of shares in Sarava as a result Pomegranate’s shares increase from 9.6% to 15%. After this investment the major ownership of Sarava remains in the hands of Iranian investors and the shares from the companies that Sarava has invested in are nontransferable to Pomegranate. The European party is also obligated to sharing and transference of knowledge, technical expertise, and managerial skills to fulfill this partnership.
Absorbing this investment, Sarava has become one of the pioneering private companies that have succeeded in gaining the trust of foreign investors to enter Iranian technology market.