Approval of 60% capital increase of Amin reinsurance

According to the report of the financial news, citing the public relations of Amin Reinsurance, the extraordinary general assembly of this company was held on Wednesday, August 12, in order to increase the capital, with the presence of more than 81% of the shareholders. According to the issuance of the license by the Central Insurance of the Islamic Republic of Iran and the Securities and Exchange Organization, the capital increase of 60% from the current demands of the shareholders, cash contribution and capital reserve was approved by the shareholders.
According to this report, this meeting was attended by Musa Rezaei, the vice chairman of the board of directors and the CEO, which was held under the chairmanship of Khosro Haghighi Panah, the chairman of the board of directors of Amin Reinsurance. It should be mentioned that the representatives of the legal inspector, the stock exchange and securities were present in person and the representative of the central insurance was present in the meeting online.
In the extraordinary general meeting of Amin Reinsurance, the capital increase of this company was approved from the amount of 5000 billion Rials to 8000 billion Rials from the current demands of the shareholders, cash contribution and capital reserve.
It should be noted that the Extraordinary General Assembly of Amin Reinsurance Company was held in full compliance with health protocols at the Razi Hall of the Kish Island International Convention Center, and the possibility of virtual attendance of shareholders was provided and broadcasted through simultaneous access to the company’s information base.