Padideh Shandiz

^[2]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.^[1]

Padideh Shandiz International Tourism Development Company

Formerly	Kavoshgaran Saham Investment Company
Company type	Private Joint-stock
Industry	Restaurants, Tourism and Construction
Founded	6 February 2005 (20 years ago)
Founder	Mohsen Pahlavan[1]
Headquarters	Mashhad , Iran
Area served	Mashhad, Tehran, Kish Island, Shandiz
Total assets	200,000,000,000,000 Rials[1] ($6.3b USD)
Number of employees	30,000 (2015)[1]
Website	http://www.padide.com

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.^[1] The company is allegedly manipulating the shares.^[3]

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.^[4]

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]}