According to the Public Relations and International Affairs of the Kish Free Zone Organization, the ordinary annual general meeting of the shareholders of Kish Investment and Development Company, related to the fiscal year 1404, was held with the presence of Mohammad Kabiri, CEO of the Kish Free Zone Organization, and all members of the assembly.
Mohammad Kabiri, referring to the course of the company’s activities from last year’s assembly until now, said: since last year the signs of change and movement in the determined direction are completely clear, and this year the results of these actions must bear fruit, the pace of program implementation should increase, and at next year’s assembly, clear and measurable performance indicators should be presented.
Implementation of a five-year plan with measurable indicators
He emphasized the necessity of defining clear indicators for project evaluation and added: all company projects must be pursued with an Objectives and Key Results (OKR) approach, and the five-year plan approved by the board of directors should be presented in the form of eight main axes, along with goals, timelines, and measurable outputs.
The CEO of the Kish Free Zone Organization continued: structural reform, strengthening infrastructures, improving corporate governance, and effective participation in the field of financial technologies must have a clear place in the company’s operational plan.
Kabiri also requested the presentation of the five-year plan in a specialized project management session so that the responsibility of each section, the implementation time of the plans, and their evaluation indicators are precisely specified.
Diversification of the investment portfolio
He considered increasing the share of stable revenues in the company’s financial structure one of the assembly’s most important expectations and stated: we expect that at next year’s assembly, the effects of targeted investments and the increase in stable revenues will be tangibly reflected in the company’s performance.
Kabiri, explaining the desired approach to investment, said: the company must create a balanced and composite investment portfolio; such that part of the resources are invested in low-risk and fixed-income instruments and another part in opportunities with higher returns so that, while maintaining an acceptable level of risk, a suitable profit is obtained.
He noted: the company’s new programs must pass the design stage more quickly and be converted into executable, practical, and revenue-generating projects.
Development of tokenization and new financial instruments
The CEO of the Kish Free Zone Organization described the use of new financing instruments as one of the company’s important activity axes and said: the first tokenization project that has started must reach results this year, and the company should be ready to issue calls for subsequent phases.
He explained how future calls will be held: in future calls, appropriate points should be considered for groups and actors present in Kish who have played a role in the island’s development, so that the experience and capability of Kish’s economic actors are utilized.
Kabiri considered reviewing the establishment of a pension fund and forming a real estate fund among other necessary programs and said: the company’s participation in tokenization projects in the construction sector and undertaking escrow account brokerage can create new services and stable revenues for the organization.
He further recalled: using modern technologies and financial instruments, in addition to developing the company’s activities, can help solve some of the organization’s problems and its results will be observable for the people.
Report on implementation of resolutions every three months
The CEO of the Kish Free Zone Organization, emphasizing the necessity of continuous monitoring of program implementation, announced: the progress report of the assembly’s resolutions must be prepared and presented every three months in cooperation with the Assemblies Department and project management.
He explained the content of these reports: these reports should present a clear picture of the extent of program progress, the results achieved, and the actions needed to remove possible obstacles.
In conclusion, Kabiri, while appreciating the actions and planning carried out last year, emphasized increasing the speed of project implementation, operationalizing new programs, and focusing on creating sustainable revenue sources.
At the end of this assembly, the company’s performance report was reviewed and the programs for the coming year were summarized with a focus on implementing the five-year plan, developing the investment portfolio, utilizing new financial instruments, and continuous monitoring of project progress.