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IRAN TO PRIVATIZE STATE-OWNED INSURANCE COMPANIES NEXT YEAR.
(From Asia Pulse)
TEHRAN, Dec 23 Asia Pulse - The head of the Iran Insurance Company said here Tuesday that ceding of the shares of the state-owned insurance companies, including `Asia`, `Dana` and `Alborz`, will begin in the next Iranian year (starting March 20).
Abdol Nasser Hemmati told IRNA that with the recent Expediency Council`s (EC) Directive authorizing transfer of maximum 65 per cent of states-owned shares to the private sector, the government will keep its 35 per cent shares in insurance companies "so that it could have a voice in the future corporate-related decisions, including operations and board and shareholder assembly meetings." Any changes …
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