| Padideh Shandiz International Tourism Development Company | |
| Type: | Private Joint-stock |
| Founded: | 6 February 2005 (10 years ago) |
| Founder: | Mohsen Pahlavan |
| Hq Location Country: | Iran |
| Area Served: | Mashhad, Tehran, Kish Island, Shandiz |
| Industry: | Restaurants, Tourism and Construction |
| Assets: | 200,000,000,000,000 Rials($6.3b USD) |
| Num Employees: | 30,000 (2015) |
| Website: | http://www.padide.com |
| Former Name: | Kavoshgaran Saham Investment Company |
[1] 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.
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.[2] The company is allegedly manipulating the shares.[3]
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.[4]
In July 2013 Padideh Shandiz company bought Azadegan League club Mes Sarcheshmeh and renamed it as Padideh Khorasan Football Club.