Industrial and Financial Group SAFMAR is a Russian multisectoral conglomerate. The Group includes oil producing, oil processing, coal and potash companies, financial assets, retail chains, construction and development holdings, companies engaged in commercial property management, logistics centers, hotels, media resources among which are radio stations and TV channels. Safmar Group was established by Mikhail Gutseriev, a Russian entrepreneur. The name SAFMAR is comprised from the first letters of his parents’ names Safarbek and Marem. Industrial companies owned by Mr. Gutseriev appeared to be the cornerstone of the Group. Their dynamic development allowed allocating the funds for the purchase of the new assets in different sectors thus leading to business diversification. This portfolio of assets required efficient management for which a joint stock company Safmar Group was incorporated. Mikhail Gutseriev is the Chairman of the Group's Board of Directors and he determines the conglomerate's development strategy. Said Gutseriev, the entrepreneur and the son of Mikhail Gutseriev, is the co-owner of SAFMAR. More information...
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