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Mehdi Jahangiri

Mehdi Jahangiri Koohshahi (Persian: ‌مهدی جهانگیری کوهشاهی, born 23 November 1971) is an Iranian economist, banker, founder of Tourism Bank, and chief executive officer and chairman of the Tourism Financial Group.[1][2][3] Jahangiri founded Tourism Bank in December 2010 and served as chairman of its board of directors until November 2019.[4][5] He is the brother of Eshaq Jahangiri, who served as First Vice President of Iran from 2013 to 2021.[6][7] Major subsidiaries of the Tourism Financial Group include Tourism Bank, the Iran Cultural Heritage and Tourism Investment Company (Semega), Mahan Industries and Mines Development Company, Arman Insurance Company, and Yas Charity Foundation.[8] In April 2015, Jahangiri was elected vice chairman of the Tehran Chamber of Commerce, Industries, Mines and Agriculture, receiving 47 of 55 votes in the chamber's board elections.[9] In 2008, he served as deputy for investment affairs at the Iran Cultural Heritage, Handicrafts and Tourism Organization.[10]

Mehdi Jahangiri
مهدی جهانگیری
Born
Mehdi Jahangiri Koohshahi

(1971-11-23) November 23, 1971 (age 54)
Baft, Kerman, Iran
Resting place
Iran
CitizenshipIranian
EducationBachelor's degree in public administration
Master's degree in business administration
OccupationsEconomist, banker
EmployerTourism Financial Group
Known forFounder of Tourism Bank
TitleChief executive officer and chairman of Tourism Financial Group
RelativesEshaq Jahangiri (brother)

Personal life and education

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Jahangiri's father, Hassan Jahangiri, worked in the Abdasht chromite mine in Esfandaqeh. Following Mehdi Jahangiri's birth, the family moved to Sirjan, where his father lived until his death in July 2010.[11]

He is the youngest member of the Jahangiri family and one of five brothers. Together with his brother Eshaq Jahangiri, he is among the most prominent members of the family. One of his brothers, Mohammad Jahangiri, was killed in November 1980 in Susangerd during the Iran–Iraq War. Another brother, Yaqub Jahangiri, was killed during Operation Badr in 1985. A third brother, Ebrahim Jahangiri, was introduced by reformist groups as a candidate for the 2016 Iranian legislative election from the Sirjan constituency, but was ultimately disqualified.[12] Jahangiri holds a bachelor's degree in public administration and a master's degree in business administration. He has also pursued doctoral studies in international economics.[13]

Economic and political activities

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Tourism Bank

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Tourism Bank received its operating license from the Central Bank of Iran on 29 December 2010 and launched its public share subscription on 23 November 2010. The bank was established as a commercial financial institution providing a broad range of banking services.

Although its operations are similar to those of other Iranian banks, Tourism Bank has emphasized investment in Iran's tourism industry as a core part of its business strategy. According to its founders, the bank was intended to support tourism-related development projects, facilitate private-sector investment, and contribute to employment generation and economic growth.[14]

Tourism Financial Group

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The Tourism Financial Group was established by Jahangiri in 2014.[15]

The holding company operates in a variety of sectors, including tourism, petroleum, natural gas, banking, capital markets, industry, mining, construction, culture, and the arts.[16]

Major subsidiaries of the group include:

  • Tourism Bank
  • Iran Cultural Heritage and Tourism Investment Company (Semega)
  • Mahan Industries and Mines Development Company
  • Yas Charity Foundation

At a ceremony marking World Tourism Day held at the Milad Tower International Conference Center in Tehran, the Tourism Financial Group was recognized as Iran's leading tourism holding company. Jahangiri, serving as the group's chief executive officer and chairman, received the award on behalf of the company.[17]

Jahangiri has stated that one of the principal objectives behind establishing the Tourism Financial Group was to promote the development of Iran's tourism industry. He argued that tourism is one of the few sectors capable of simultaneously generating employment opportunities and contributing to social stability and economic development.[18]

Semega

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The Iran Cultural Heritage and Tourism Investment Company (Semega) is an Iranian investment company focused on the development and implementation of tourism-related projects.[19]

Semega was among the first tourism-focused holding companies in Iran to have its shares publicly traded on the Tehran Stock Exchange. Its shares are listed under the ticker symbol SEMEGA.[20]

The company is one of the principal subsidiaries of the Tourism Financial Group and has been involved in a range of investment projects in the tourism, hospitality, and cultural heritage sectors in Iran.[21]

References

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  1. ↑ "Everything About the Jahangiri Brothers". Jamaran (in Persian). 17 October 2023. Retrieved 17 October 2023.
  2. ↑ "More About Mehdi Jahangiri". Tabnak. Retrieved 18 August 2022.
  3. ↑ "Iranian Innovators Tourism Financial Group Company". Rasmio. Retrieved 8 November 2023.
  4. ↑ "Acceptance of Mehdi Jahangiri's Resignation from the Board of Directors of Tourism Bank". Islamic Republic News Agency (IRNA) (in Persian). 10 November 2019. Retrieved 24 August 2022.
  5. ↑ "Mehdi Jahangiri Resigns from the Board of Tourism Bank". Mashregh News (in Persian). 10 November 2019. Retrieved 24 August 2022.
  6. ↑ "Mehdi Jahangiri, Brother of Rouhani's Vice President, Sentenced on Currency Smuggling Charges". Deutsche Welle (in Persian). Retrieved 18 August 2022.
  7. ↑ "The Jahangiri Brothers File a Complaint Against a Member of Parliament from Garmsar". Mehr News Agency (in Persian). 18 April 2021. Retrieved 18 August 2022.
  8. ↑ "Organizational Structure of Tourism Financial Group" (in Persian). Retrieved 8 November 2023.
  9. ↑ "How Did Mehdi Jahangiri Become a Multi-Billionaire?". Fars News Agency. 19 March 2018. Retrieved 8 November 2023.
  10. ↑ "How Did Mehdi Jahangiri Become a Multi-Billionaire?". Fars News Agency. 19 March 2018. Retrieved 8 November 2023.
  11. ↑ "Who Is Mehdi Jahangiri? Biography and Photos of Eshaq Jahangiri's Brother". Mojbaz (in Persian). 17 October 2023. Archived from the original on 25 May 2024. Retrieved 17 October 2023.
  12. ↑ "Who Is Mehdi Jahangiri? Biography and Photos of Eshaq Jahangiri's Brother". Mojbaz (in Persian). 17 October 2023. Retrieved 17 October 2023.
  13. ↑ "Who Is Mehdi Jahangiri? Biography and Photos of Eshaq Jahangiri's Brother". Mojbaz (in Persian). 17 October 2023. Retrieved 17 October 2023.
  14. ↑ "Tourism Bank". Way2Pay (in Persian).
  15. ↑ "Iranian Innovators Tourism Financial Group Company". Rasmio. Retrieved 8 November 2023.
  16. ↑ "Tourism Financial Group Receives Award as Iran's Top Tourism Holding Company". Fararu (in Persian). 28 September 2015.
  17. ↑ "Tourism Financial Group Receives Award as Iran's Top Tourism Holding Company". Fararu (in Persian). 28 September 2015.
  18. ↑ "Tourism Financial Group Receives Award as Iran's Top Tourism Holding Company". Fararu (in Persian). 28 September 2015.
  19. ↑ "Development of Semega Projects to Increase Returns". Donya-e-Eqtesad (in Persian). 8 November 2023. Retrieved 8 November 2023.
  20. ↑ "Security Information". Tehran Securities Exchange Technology Management Co. (TSETMC). Archived from the original on 9 March 2019. Retrieved 8 November 2023.
  21. ↑ "Development of Semega Projects to Increase Returns". Donya-e-Eqtesad (in Persian). 8 November 2023. Retrieved 8 November 2023.
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