Another glorious credit for the Fajr Personnel /Fajr Energy was golden and became more golden

According to the company’s Public Relations Department, Iran's 13^th National Financial Management Award rotatory ceremony was held this morning at Tehran’s Islamic Summit Conference Hall where many financial and national managers were present. In this period, Persian Gulf Fajr Energy Company has won the Golden Statue of Iranian National Financial Management Award by presenting its four-year financial information.

About 36 general criteria were taken into account for the evaluation of the company’s activities, consequently Fajr Co. could achieve the golden statue after obtaining the highest points based on its 4-years activity processions.

As the main indicators of this evaluation we can refer to “the compliance of the financial reports sent to the beneficiaries with accounting standards and business law”, “asset management and collection of claims|, |timely and transparent sending of important and effective information on the market price of Kodal Stock Exchange including the product sales rates.

The national financial management award was categorized for the participants into 7 levels based on the obtained scores, as: The Letter of Appreciation, the One star Certificate, the Two star Certificate, the Three star Certificate, the Crystal statue, the Silver statue and the Golden statue. Persian Gulf Fajr Energy Company could receive the maximum scores to reach the highest level and win the Golden Statue.

It should be noted that Persian Gulf Fajr Energy Company could participate in such a ceremonial conference for five times and in 2015 received the Silver Statue award.

It is worth mentioning that, based on a long-standing tradition, they have symbolically depicted the two trends of boom and recession in the capital markets as “a cow” and “a bear”, and they have always considered the milking cow as the symbol of boom and the general good fortune in the capital markets and a symbol of prosperity. It is also believed that during the recession, this is the market bear that turns angry, controls the market and pulls the market indexes down.

For the very reason, the whole base of the Iran's National Financial Management Award symbolizes the head and face of this auspicious cow, and the two embedded horns calls to mind the attack of this cow on the market bear and finally driving it out of the market. Indeed it seems to be a promising boom to the previously designed capital markets. Therefore, the statue dedicated to the winners of the National Award for Financial Management of Iran has been chosen in order to celebrate the horn of that lucky cow.