City Industries and Mines Development Group

City Industries and Mines Development Group, as one of the specialized holdings of  Bank Shar, has been established through the utilization banking, industrial and commercial knowledge, expertise and support, and through making use of the most capable individuals and corporate entities, in order to play an effective role in the national economy. It aims to be in line with the macro strategies of the banking system and value-creating investments towards the development of various sectors, especially in the field of urban industries, trade of minerals and base metals, and the capital and stock markets, and to play an active role towards industrial and economic development in the country

As the City Industries and Mines Development Group is wholly owned by Bank Shahr, presence in the chain of urban development activities and participation in large-scale urban projects are among the strategic policies of the group.