Saipa Azerbaijan

The site of Saipa Azarbaijan (formerly Sane), with an initial capital of 400 million Rials divided into 40,000 shares of ten thousand Rials, was established in 1354 with the participation of the Iran Industrial Development and Modernization Organization, the private sector, and the English Hawkcressdale Company under the name of Haxiran Diesel in order to manufacture a variety of high-speed diesel engines under the license of Hawkcressdale Institute.