140% capital increase and cooperation was approved

According to the report of financial financial news, citing the public relations of Cooperative Insurance, Cooperative Insurance Company announced a plan to increase capital by 140% from two reserves and revaluation of assets.

According to this report, “Votaawan” intends to increase the current capital from 500 billion to 1.2 thousand billion tomans. The financing of this OTC company will be applied from two sources of other reserves and revaluation of assets in order to modify the financial structure in order to obtain a reliable acceptance license and increase the maintenance capacity and increase financial prosperity and active presence in insurance consortia.