Execution of Imam Khomeini's Order
ستاد اجرایی فرمان حضرت امام Business Founded 1989
sanctions
The Execution of Imam Khomeini's Order (Setad-e Ejrayi-ye Farman-e Hazrat-e Emam, commonly known as Setad) is a massive Iranian economic conglomerate established by decree of Ali Khamenei in 1989. It manages confiscated and unclaimed properties and operates across real estate, petrochemicals, telecommunications, and finance. Estimated to control assets worth tens of billions of dollars. Headed by Parviz Fattah since 2023. Sanctioned by the US and EU.