IIC Divestiture in the Offing

The newly-appointed head of the Central Insurance of Iran is exploring ways of divesting the shares of the sole state-owned insurer, Iran Insurance Company. 
Gholamreza Soleimani Amiri, speaking during his first press conference this week, 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”, Risknews.ir quoted Soleimani as saying. 
He said the company’s divestiture hinges on the reform of Article 44 of the Iranian Constitution, which recognizes the private sector as a major segment of the country’s economy.