Economy, Business And Markets

Boosting Capital

Boosting Capital Boosting Capital

The insurance company ‘Ma’ introduced its new managing director on Monday who said he wants to boost the company’s capital by 150%. Majid Safdari replaced Muhammad Ali Alipoor who resigned last month, Boors Press reported. Ali Alizadeh, head of Ma Investment and Stocks, said, “Income from insurance policy sales can increase the company’s capital to $83 million.” MA insurance, a subsidiary of Bank Mellat, operates in 15 provinces.