Following the possible exit of the foreign investor Digikala from Iran, after Safola and Hyperstar: According to the reports, Majid Al Futtaim company was removed from the list of shareholders of Hyperstar to be the second company to leave the Iranian market after the withdrawal of the Saudi Savola company from the list of oil industry investors in Iran. This approach, which has become a serious trend in Iran’s economy since Trump withdrew from the JCPOA in 2018, has removed big names from the list of Iran’s economic partners.
According to Ideaagency, it seems that Trump’s return to power has heated up the issue of exiting the Iranian market again. Apart from Savola and Hyperstar, there are news of the exit of some important foreign investors, especially in the digital economy sector, from Iran, which highlights the suspicion that the exit of foreign investors will become a domino effect. An issue that has a negative effect on Iran’s economy not only through the channel of foreign exchange, but also through the channel of management power, connection to technology and global markets, etc.
Alireza Kolahi Samadi, the head of the Industry Commission of the Chamber of Commerce of Iran and one of the early investors of Sarava Company (a former shareholder of Digikala) said in an interview with Donya-e-eqtesad newspaper, referring to the foreign investor of Digikala: “It is expected that in the near future we will see the foreign investor of this company leave Iran.
In fact, the offering of Digikala’s shares in the stock market has provided the opportunity for foreign investors to exit this company.” Kolahi Samadi means the European investment company IIIC, which owns about 33% of Digikala shares. It was earlier in August of this year that Hamrah-e-Avval company bought 40% of Digikala’s shares and Sarava left Digikala‘s shareholding.
Kolahi stated: Without a doubt, the decision to withdraw Arab companies investing in the food industry and Hyperstar chain stores from Iran has already been taken and has now reached the implementation stage, therefore, it is not possible to find a direct connection between the departure of these capital owners from the country and the presence of Donald Trump in the White House in the near future.
The exit domino of the few remaining foreign investors in Iran has started. Emirati and Saudi partners did not leave the country despite the strict sanctions imposed by the United States during the first term of Donald Trump’s presidency and even despite the worsening of relations between Iran and Saudi Arabia.
Now this question is repeated that what is behind the sudden and continuous departure of international brands active in the Iranian market from the country? What signal leads foreign investors to exit Iran? Will we have other exits and are there other actors who may leave Iran’s economy?
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