Enhancing the wealth of Mellat insurance with Kamtina super project

According to the financial news, the start of the executive operations of a national super project on the beautiful island of Kish by the Mellat insurance company should be considered a turning point not only in the history of the insurance industry but also in the Iranian economy, because in the next 4 years the effect of this successful investment will be visible and the profit It not only reaches the shareholders of Mellat Insurance, but also promotes tourism in Iran.

Kamtina’s recovery from a 10-year coma

According to the report of the insurance world, the withdrawal of the super project of Kamtina of Mellat Insurance after several years of indecision is considered one of the achievements of this company during the management period of Alireza Yazdandoost, because there was a risk that the Kish Free Zone Organization would take away the authority from Mellat Insurance in one action and take the land. available to other investors until the Board of Directors of Mellat Insurance decided to prevent the loss of this unique investment opportunity.

It was in 2014 that Mellat Insurance bought a piece of land from the Kish Free Zone Organization and spent about 103 billion tomans until then to create value and generate profit for its shareholders, but over the years no serious action was taken until last February when Yazdandoost heard of a news It is important to remove the curtain. The news was that the Kamtina building permit was issued on 3 Bahman 1402. 2 weeks after the issuance of this permit, the CEO of Mellat Insurance announced: After the passage of about a decade, the assignment of the Kish company’s land was determined, and the construction permit for the commercial, residential, and recreational complex was obtained in early February, and the construction of this huge and valuable complex of Mellat Insurance began. will be.

Finally last week and at the same time as the bank, insurance and stock exchange exhibition in Kish Island with the presence of Hojjat Abdul Maleki, Secretary of the Supreme Council of Free Zones of the country and Ali Ostad Hashemi, the head of the Central Insurance and managing directors of the country’s insurance companies, finally the executive operations of the commercial, administrative and Kamtia Entertainment was started to be mentioned as a successful investment example in Kish Free Trade Zone.

It is noteworthy that Abdul Maleki, the advisor to the president and the secretary of the Supreme Council of Commercial, Industrial and Special Economic Free Zones of the country, suggested to other insurance companies to invest in other similar projects in Iran’s free zones during the groundbreaking ceremony of Kamtina Bimah Mellat super project. He expressed his satisfaction with the action of Mellat Insurance in launching the mentioned project, and stated: This project can be a successful example for investment in Kish Island, and the implementation work of this project will proceed quickly and be put into operation within the stipulated time.

The presence of one of the country’s high-ranking economic officials and the head of the Central Insurance, as well as the CEOs of the country’s insurance companies, at the commencement ceremony of Kamtina’s executive operations, can be considered as a seal of approval for the selection of Mellat Insurance in the area of ​​high-yield investment and a model for the investment of other insurers, whether According to the Secretary of the Supreme Council of Commercial and Industrial Free Zones of the country, there are currently 850 projects in the free zones that have progressed to the licensing stage, and insurance companies are invited to finance part of these projects.

Nation Insurance; National capital and national wealth

Wealth creation is one of the missions of insurance companies, even though stable and continuous profits cannot be imagined in terms of insurance operations, and from this point of view, the presence of insurers in investment projects with a clear and long-term horizon is one of the constant necessities, and for this reason, Mellat Insurance seems to The title of a national capital is intended to make Kamtina of Kish Island a national wealth and of course a sustainable source of profit for its shareholders. A project that will not only guarantee the profit making process of the nation’s symbol, but will also promote tourism, create employment and strengthen the foundations of Iran’s economy in Kish Island.

The end of the 10-year wait and hope for the future

The shareholders of Bimah Mellat have been waiting for a decade for the Kamtina investment project to come to fruition, and the CEO of this company says: The land where the implementation work of the Kamtina project has started, was practically left without any effective action from 2009 to 2001, but since September of last year And with the change in the management team of Mellat Insurance and in the shadow of the sympathy of the board of directors of the company, we managed to go through the process of obtaining the permit and completed the process of excavating and leveling the land in a short period of time, and now the concrete pouring has also started and until less In the next 4 weeks, the concrete pouring of the foundation will be finished.
Yazdandoost considers Mellat Insurance’s investment in this super project as a turning point in the history of the company and emphasizes: this investment will strengthen the financial base of Mellat Insurance and by creating wealth for the shareholders, it will also have a positive effect on the symbol of Mellat.

Camtina; 4 years without stopping

Establishing a tourism and commercial super project on a land of 30 thousand square meters, of course, will not be without challenges, especially since 76 thousand square meters of buildings are supposed to be built in 3 commercial, administrative and recreational sectors, in 4 years and for this reason Stopping is not allowed. Yazdandoost explains that the Kamtina project includes 1.5 commercial floors and 8 office floors, and the residential, recreational and tourism space of the project will be built on 4 floors, which will be fully operational in the next 4 years, and is a big step to create employment and The tourism boom in Kish is removed.

Generating assets in the style of national insurance

According to the insurance world report, Mellat Insurance Company since the presence of Alireza Yazdandoost and the members of the current board of directors have tried to distance themselves from the margins and focus on advantages and opportunities by focusing on fundamental reforms based on a road map. A company with a registered capital of 30 thousand 657 billion 213 million Rials and of course the highest level of financial prosperity is now preparing itself for a jump and in 4 years the result of one of the most important developments in the field of investment of the company will be visible.
Investing in Kamtina can be considered a successful model and a new style of generating assets in the insurance industry, and it should be seen what plan other insurance companies will present for the optimal use of their stagnant assets, and whether they can strengthen their profit-making and wealth-creating foundations?

Source: Insurance world