Sarmad Insurance capital increase to 1000 billion tomans with the approval of the assembly
Company news; According to the public relations report of Sarmad Insurance, the company’s extraordinary general assembly was held today to decide on the capital increase with the participation of 69.91% of the shareholders.
In this meeting, which was held with the presence of shareholders, members of the board of directors, representatives of the Central Insurance and OTC Organization, auditor and legal inspector, according to the permission of the Stock Exchange and Securities Organization and the Central Insurance of the Islamic Republic of Iran, the capital increase of the company from the place of claims and contributions Shareholders’ cash was approved by the present shareholders.
Beheshti Nejad, the CEO of Sarmad Insurance Company, in his explanatory report to the Extraordinary Assembly, stated the purpose of increasing the company’s capital is to improve the indexes of Sarmad Insurance with the Central Insurance, increase profitability and ensure the interests of shareholders, and improve the company’s wealth ratio.
He continued that the capital increase of Sarmad Insurance is done with the aim of reforming the company’s financial structure and maintaining and improving the company’s competitiveness.
In the continuation of the extraordinary general assembly of Sarmad Insurance Company, the report of the legal auditor was heard and the representatives of Central Insurance, OEx and the supervisor of the assembly expressed their points.
At the end of the assembly, they agreed to increase the capital of Sarmad Insurance Company from the amount of 6,761,553,062,000 Rials to 10,000,000,000,000 Rials from the claims and cash contributions of the shareholders.
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