An examination of the latest financial statements of Persian Gulf Holding indicates a serious crisis in the financial balance of this economic group. According to available information, the rial income of this holding has decreased by 24%, reaching 39 trillion tomans.
Severe Decline in Foreign Currency Income
However, what is more noteworthy is the 50% drop in the foreign currency income of this group. This decrease translates to a loss of about 560 million dollars during the management of Mohammad Shariatmadari. Such a decline could have serious implications for the future economic prospects of Persian Gulf Holding and raises many questions about the leadership and financial resource management of this group.