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The Tourism Holding Company of the Social Security Organisation, known by its Persian acronym Hegta, supplied the required capital for the companies to join the capital market, he reportedly added.
Raja is the largest passenger rail company in Iran. It claims a market share of around 55% in Iranian rail passenger transportation.
Novin Sanat Raja deals with technical and engineering activities.
9.2.5​ Healthcare corporate news
Iranian private insurance company opens in Iraq
Iranian private insurer Saman Insurance Co has opened in Iraq, according to IBENA.
Iran’s insurance industry is growing year by year as the sector matures and it is managing to open new ventures and joint projects in neighbouring states. Saman Insurance, a subsidiary of Saman Bank, is one of Iran’s newest operators and privately owned. It has strived to beat a separate path from many competitors.
As part of the Iraq branch offer, the company plans to offer cross-border health and emergency insurance to Iranians visiting Iraq.
Majority Shiite Iraq is a major destination for Iranian pilgrims who account for 20% of Iran's outbound tourism.
Saman Insurance has opened in Baghdad, while it has also kicked off two offices in the holy shrine city of Karbala.
The company said it planned to expand operations in Basra, Najaf and Iraqi Kurdistan’s Sulaymaniyah and Irbil.
9.2.6​ TMT corporate news
MTN sketches out how it plans to exit Middle East and says no imminent exit from MTN Irancell planned
South Africa-based MTN Group and its partly owned subsidiary MTN Irancell have sketched out details on the group’s planned exit from the Middle East, ​explaining that the offloading of the operations in Iran will take place over a timespan across the next three to five years, Mobile World Live reported on August 11.
In a cited statement, the businesses dismissed media reports suggesting an imminent exit from Iran, adding that their customer base “could rely on continuing to receive the great service they have come to expect”.
The group reportedly said its collaboration with MTN Irancell would therefore continue unaffected and the business “will be run as usual”.
MTN also noted it planned to dispose of its units in the Middle East “in an orderly manner over the medium term”, with initial moves planned for operations in Syria, Afghanistan and Yemen.
The group, Africa’s largest mobile operator, owns 49% in MTN Irancell. It is the second largest mobile operator in Iran with 47mn connections in Q2, figures from GSMA Intelligence showed.
Outgoing MTN CEO Rob Shuter announced last week that the group had decided it would be best served by focusing on its pan-Africa strategy.
61​ IRAN Country Report November 2020 www.intellinews.com