Iran's Top Insurance Co Eyes $910m in Capital Raise

Iran Insurance Company, the largest player and the only firm owned by the government, will boost its capital by 200 trillion rials ($910 million).
According to Risknews, the measure was proposed by the regulator, the Central Insurance company of Iran (CII) and is expected to be approved soon.
The capital increase will be mainly through revaluation of the company’s fixed assets. According to the news website, the company is renovating several vacant properties considered for sale.