The largest venture capital fund in the capital market, named ‘Ofoq Negar,’ has been listed as the eighteenth active venture capital fund on the stock exchange, with its subscription taking place in the market for innovative financial instruments.
According to a report from the Communications Management of the Iran Fara Bourse, Seyyed Ali Hosseini, representing the Ofoq Kourosh chain companies, mentioned at the launch ceremony of the Ofoq Negar Venture Capital Fund that the fund’s subscription was completed with enthusiastic investor support within the initial moments.
Activity Focus of Ofoq Negar
Hosseini emphasized that Ofoq Negar is the first fund established and subscribed with support from the Vice-Presidency for Science and Technology of the Presidential Office under the Law for Support of Knowledge-Based Growth. The fund focuses on investment in various industries, including chemicals, tourism, cleaning products, food, and pharmaceuticals, aiming to facilitate investment in knowledge-based projects.
Key Information About Ofoq Negar
In a subsequent statement, Ehsan Jangjou, CEO of Kourosh Portfolio Management Company, which manages the Ofoq Negar Fund, noted that the fund, with a capital of 83 million dollar, is the largest venture capital fund in the country. Ofoq Negar has 5 million investment units, with one million units classified as premium and held by distinguished investors, and four million units as ordinary, with 20% of the subscription already completed.
It is worth mentioning that this fund, regulated by the Securities and Exchange Organization and operating according to its regulations, articles of association, and prospectus, is the eighteenth active venture capital fund in the Iran Fara Bourse.
Investment Areas
Ofoq Negar aims to raise financial resources and invest in the ownership of legal entities involved in innovative and intellectual projects across various fields such as:
-Chemical Products
-Tourism Industry
-Food and Health
-E-commerce and Retail
-Data Science and Artificial Intelligence
-Transportation and Warehousing
-Mining Industry
Founders and Structure
The founders of the fund include Ofoq Kourosh Chain Stores, Modern Family Chain Stores, Hasti Innovative E-Commerce Group, Kourosh Investment Group, Hasti Goods Distribution Company, and Kourosh Portfolio Management Company.
Other key components of the fund are as follows:
-Kourosh Portfolio Management Company: Fund Management
-Vanya Nik Tadbir Auditing Institute: Fund Custodian
-Donyaye Novin Brokerage Firm: Fund Subscription Broker
According to the report, 20% of the fund’s capital was paid at the time of establishment, while 80% remains committed by investors and must be paid according to the schedule specified in the prospectus.
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