“Ma” insurance is looking for a 60% capital increase to accept the trust

According to the reporter of Poli Mali News, our insurance company, which is active in the first market (sub-board) of the Tehran Stock Exchange, has submitted an explanatory report to its board of directors in order to increase the company’s capital from 500 billion tomans to 800 billion tomans from accumulated profits and other In order to meet the quorum of the capital required for the acceptance license, the reserves have placed reliance on the Kodal system.

Therefore, this explanatory report was approved by the board of directors of this company on the 21st of September and has been sent to the auditor and legal inspector for their opinion.

According to the latest survey, the financial ratio of our insurance company is as described in the following table:

According to the resolution of April 15, 1401 of the Central Insurance Executive Board, the minimum capital required for the activities of direct insurance institutions in the field of reinsurance is set at 800 billion Tomans.

Our insurance plans to add 300 billion Tomans to its current capital with the four objectives of increasing the limited reinsurance capacity of the country’s reinsurance companies, reforming the financial structure, the need of the insurance market to increase the reinsurance capacity, and increasing the permitted risk retention capacity.

According to the published explanatory report, 172 billion tomans of this figure will come from accumulated profits and 128 billion tomans from capital reserves.