Novin Insurance

Novin insurance company from Iran is owned or controlled by sanctioned entities. The founders of the company include Behshahr Industrial Development Company

Status:High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Risk Level:89%

May harm your business future.

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Novin insurance company from Iran is owned or controlled by sanctioned entities;

The founders of the company include three groups: banking and finance (Modern Economics Bank and affiliated companies), industrial (Behshahr Industrial Development Company and affiliated companies) and construction (Iranian Construction Investment Company and affiliated companies, Stratus International Contracting Company);

Behshahr Industrial Development Corp. is a company based in Iran involved in the production of edible oils and fats. The company has the capacity to produce 550,000 metric tons of edible oil a year. It has a major market share in Iran’s edible oil market, and is among the five largest companies by market share in the worldwide edible oils market. According to U.S. Treasury Department this entity it is owned and controlled by Tose-e Melli Group Investment Company. Entity owned by Bank Melli;

Also Known As:
Novin Insurance Company

Registrar’s Office under No.:


Tehran, Iran




Reason for the color:
» Novin Insurance owned by Behshahr Industrial Development corp;