BAKU, Azerbaijan, August 6. Iranian Social Security Investment Company's profit is expected to increase by 100 percent in the current Iranian year (March 20, 2024 through March 20, 2025), the company's CEO Arif Norouzi told reporters, Trend reports.
According to him, the company expects 5.7 quadrillion rials ($14.4 billion) in earnings.
Norouzi added that in the last Iranian year (March 21, 2023, through March 19, 2024), the company's total revenue was 2.79 quadrillion rials (about $7.04 billion).
"Export revenues of the Social Security Investment Company are expected to grow from $1.8 billion to $2.8 billion. Last year, the Social Security Investment Company of Iran invested 400 trillion rials (about $1 billion) in various projects. It is expected that this year, investments will amount to 1.75 quadrillion rials (about $4.41 billion), which is a 275 percent increase compared to last year," he pointed out.
To note, the Social Security Investment Company was established in 1986. It invests in the fields of trade, the stock market, and the oil, gas, and petrochemical sectors.