Farda Smart Insurance buys 80 percent of Farda Smart Leasing from a related company for about 405 billion rials

Farda Smart Insurance, trading under the ticker Vafarda, said in a disclosure filed on Iran's codal system on Tuesday, September 9, 2026 (18 Shahrivar 1405) that under a share settlement agreement signed August 9 (18 Mordad), it acquired 80 percent of Farda Smart Leasing from Hyrkania Technology Development Investment Company, a related party sharing common board members. Based on a certified appraiser's report, the 80 percent stake was valued at 404,520 million rials (about 40.5 billion tomans). Under the deal's terms, in exchange for the stake, 381,021,000 shares of Dadeh Gostar Asre Novin, held by Farda Smart Insurance, will be transferred to Hyrkania at cost, with the transfer to be completed by the end of Shahrivar (September 22). The company said the transfer will reverse an impairment reserve of about 140,000 million rials (14 billion tomans) it held against the value of the Dadeh Gostar Asre Novin shares.