Setad, which is also known as the Execution of Imam Khomeini's Order (EIKO), is a parastatal organisation in Iran that is under the direct control of the Supreme Leader of Iran. The chairman of the Setad, Mohammad Mokhber, was recently named as the vice-president of Iran. Mokhber was appointed as the chairman by the supreme leader Ayatollah Ali Khamenei in 2007.
This US-sanctioned foundation was constituted with thousands of seized properties belonging to the ordinary Iranians during the aftermath of the 1979 Islamic Revolution. It was initially founded to manage confiscated properties. It later went on to become a major conglomerate with stakes in various sectors, including the vital ones like health.