BAKU, Azerbaijan, September 20. The capital of Sarmad Insurance Company in Iran will increase by 48 percent in the near future, an official of the company, Amir Mohammad Rahimi said, Trend reports.
According to Rahimi, it is planned to increase the capital of the company to 10 trillion rials (about $238 million).
The official also added that currently, the capital of the company stands at 6.76 trillion rials (about $161 million).
"The initial opinion on increasing the company's capital was given by the shareholders. In this regard, an extraordinary meeting of the company will be held on September 30, 2023, and then payments will be made by shareholders to increase the company's capital," he said.
Iran’s Sarmad Insurance Company is a private company. The founders and shareholders of this company are Bank Saderat Iran, Kharazmi Investment Company, and Ghadir Investment Company. This company operates in life insurance, car insurance, and cargo insurance.
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