Latest from Interview
Ashkan Armandehi, CEO of Divar, has criticized the disqualification of Hesam Armandehi, chairman of the company’s board, as a condition for Divar's acceptance into the stock exchange. He described the decision as a significant threat to the future of private ownership and Iran's digital economy ecosystem.
CEO Criticizes Disqualification Process
Armandehi shared his concerns on X, stating that after five months of inquiries, the reason for the abrupt cancellation of a meeting to approve Divar's entry into the stock exchange was revealed. According to a letter received from the IRGC Intelligence Organization, Divar's stock exchange entry was contingent upon the removal of its founder and owner from the company.
He expressed frustration, noting that Divar had been preparing for stock exchange entry for five years. Initially, Sarava’s involvement was cited as an obstacle. However, after Sarava exited in November 2024, Divar completed all necessary legal procedures. The approval meeting was scheduled for March 12 but was canceled without explanation the night before.
Impact on Private Ownership and Entrepreneurship
Armandehi criticized government actions, saying they have consistently weakened private ownership and entrepreneurship. He argued that under such policies, discussions about developing the digital economy, attracting talent from abroad, or bringing in foreign investment are futile.
He also recalled being disqualified last October by the Ministry of Industry, Mine, and Trade for membership in the Virtual Business Union. The ministry claimed he lacked practical commitment to the Islamic Republic.
Concerns Over Future of Digital Economy
Highlighting the broader implications, Armandehi said disqualifications and insider-outsider policies have reached alarming levels. He pointed out that even company owners now require qualifications to remain in their own businesses. This, he emphasized, poses a grave threat to private ownership and Iran's digital economy ecosystem.
Yesterday, Hesam Armandehi shared an image of a letter indicating that his disqualification is the main obstacle to Divar’s acceptance into the stock exchange.
