Iran Foreign Investment Company cedes its stake in Amin Re

Public company, Iran Foreign Investment Company (IFIC) is considering ceding its 14% shareholding in Amin Re’s capital, a move destined to be finalized by the 2017-2018 year which ends on March 20. By then, the reinsurer will have proceeded to an increase of its share capital which is due to rise from 1 500 billion IRR (40.6 million USD) up to 2 000 billion IRR (54.1 million USD).

Amin Re is also held by Iran Insurance Company and Dana Insurance.

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• The insurance industry en Iran