The referrals ceremony of Ofogh-e Koorosh held before the company's primary tender in the stock exchange.

Ofogh-e Koorosh public relations reported that the company has been tendered in stock exchange transaction site as the first chain stores company, so the referrals ceremony held in Parsian Hotel on December 31,2018. Ali Ebrahimi, the major shareholder representative and head of the company's board of directors, Fakhrian, the company's managing director, Sabouri, the company's deputy, Goodarzi, Qane'ie, members of board of directors along with assistants and managers of the company and some activist of the capital market attended the event.

During the event Mr Ebrahimi, and Fakhrian as the top managers of the company explained the financial reports, the products sale share and the major aims, the share value prediction in the current year, risks and facilities to interested applicants for investing in the capital market.

During the event, Ebrahimi pointed out that Ofogh-e Koorosh is a subset company of Golrang Industrial Group. The Group now employs more than 18000 personnel and is regarded to be one of the largest companies in the private sector. The Group's win-win strategy paved the way for its subsets firms to expand and wished to push the strategy towards a "full win" attitude.

He also described Ofogh-e Koorosh as the largest among the country's chain stores. Considering the top 250 chain stores over the globe shows that more than 65 percent of them acting in an international level and gain about 22 percent of their income from foreign activity besides having a 4.8 percent growth, he added.

Many subset companies of Golrang Group prepare to enter the capital market, Ebrahimi mentioned.

The company's managing director Fakhrian also said during the event that the company has been registered first on September 9, 2009 and could increase its capital through four levels. The first chain store of the company has been opened in the solar year 1392 and within the last 5 years the branches could reach 1142 besides 15 dry warehouses, 10 cold warehouses in 31 provinces of the country. He added that the company now employs more than 8000 persons at all.

Fakhrian said that the company plans to expand its branches to 1900 by the end of the solar year 1399 and wished for the braches to reach over 4000 by the end of the solar year 1404 as the company's long term goal. He predicted some 2580 branches to be opened by franchise. Ofogh-e Koorosh Company is the only firm that has implemented the franchise process precisely and scientifically.

He also emphasized on the need for the improvement of the company's IT infrastructures to meet the goal of attending among the world top 250 chain stores company.

The company also got various advantageous in providing an integrated human resources and employment portal, providing a portal for a permanent connection with suppliers, providing a document archive portal and an inspection portal, said Fakhrian.

At the end of the event, the high ranking officials of the company answered the questions made by the capital market activists.