Design and Engineering Novavaran Peyriz Company (Private Joint Stock) was established on 07/23/2006 and registered under number 279316 with national ID 1010314337 on 09/06/2006 at the Registry of Companies and Non-Commercial Institutions of Tehran. The company is currently a subsidiary of the Pension Fund Investment Company, and its main office is located at: Tehran, Vanak Park, Golestan Street, Zartoshtian Street, No. 11, 1st Floor, Unit 2.

According to the resolution of the Extraordinary General Assembly dated 12/04/2016, attended by all shareholders and registered on 12/24/2016, the company's name was changed to Saba Energy Gostar Services Company.

The company’s mission, based on Article 2 of the Articles of Association, is to operate in the production and sale of petrochemical products, as well as providing design, consulting, supervision, implementation, and maintenance services for machinery in the petrochemical industry.