Govt looks at divesting part of wholly state owned insurer

The newly-appointed head of the Central Insurance of Iran (CII) is exploring ways of divesting the shares of the sole 100% state-owned insurer, Iran Insurance Company (IIC).
Mr Gholamreza Soleimani Amiri, who was appointed to the top CII post in July, speaking during his first press conference last month, said that “in line with expanding the private sector, we intend to float some shares of Iran Insurance Company, which will take place if the legal barriers are removed”, according to a report in Financial Tribune.

2018/09/04 News