Padideh Shandiz
{{Infobox company
| name = Padideh Shandiz International Tourism Development Company
| logo = Padide.jpg
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| type = Private Joint-stock
| founded = 6 February 2005 (20 years ago)
| hq_location_city = Mashhad
| hq_location_country = Iran
| area_served = Mashhad, Tehran, Kish Island, Shandiz
| key_people =
| industry = Restaurants, Tourism and Construction
| assets = 200,000,000,000,000 Rials
($6.3b USD)
| num_employees = 30,000 (2015)
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| website = http://www.padide.com
| footnotes =
| former_name = Kavoshgaran Saham Investment Company
}}
{{Cite journal|last=Varis|first=Autors|date=2020|title=Fòrum de Recerca, 25|doi=10.6035/forumrecerca.2020.25|doi-access=free|hdl=10234/187991|hdl-access=free}}Padideh Shandiz International Tourism Development Company (known as Padideh Shandiz، پدیده شاندیز) is an Iranian private joint-stock holding company active in restaurants, tourism and construction.
Controversy
The company behaves like a public company by selling stocks despite being a joint-stock. Its share price jumped from 2,000 to 100,000 Rials from 2009 to 2014. In January 2015, a prosecutor in Mashhad accused the company of a "fraud" worth $34.3 billion. Although the allegation was denied by the company's chairman, it resulted to a 20% share price value drop. The company is currently controversially under investigation by Iranian Judiciary.{{cite web|first=Najmeh|last=Bozorgmehr|url=http://www.ft.com/cms/s/0/3ca33a60-a21b-11e4-aba2-00144feab7de.html|title=High-profile fraud case rocks Iran|publisher=Financial Times|date=January 26, 2015|accessdate=March 7, 2015}} The company is allegedly manipulating the shares.{{cite web|first=Nazanin|last=Kamdar|url=http://www.roozonline.com/persian/news/newsitem/article/-b8b9b8ea45.html|title=پدیده شاندیز؛ کلاهبرداری به اندازه یک هشتم بودجه کشور|publisher=Rooz Online|date=January 6, 2015|accessdate=March 7, 2015|archive-date=April 23, 2019|archive-url=https://web.archive.org/web/20190423202743/http://www.roozonline.com/persian/news/newsitem/article/-b8b9b8ea45.html|url-status=dead}}
Advertisements
Padideh uses massive Advertisement on its projects, and is reported to have a ⅓ share in Iranian airports advertisements, as well as paying 5.1% of IRIB income from advertisements.{{cite web|first=Venus|last=Omidvar|url=http://iranwire.com/features/6847/|title=پدیده شاندیز، تصويري از يك اقتصاد فاسد|publisher=Iran Wire|date=January 1, 2015|accessdate=March 7, 2015}}
Padideh Khorasan Football Club
In July 2013 Padideh Shandiz company bought Azadegan League club Mes Sarcheshmeh and renamed it as Padideh Khorasan Football Club.{{citation needed|date=April 2015}}
References
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{{Portal bar|Iran|Companies}}
Category:Holding companies of Iran