TEHRAN- Mohammad Rezvanifar was appointed as the new managing director of Iran’s Social Security Investment Company (SSIC, also known by its Persian acronym Shasta), Tasnim news agency reported on Sunday.

Rezvanifar, who was previously the managing director of Tamin Pharmaceutical Investment Company (TPICO), one of the subsidiaries of Shasta, replaced Morteza Lotfi, the previous managing director of Shasta.

Shasta is the investment arm of Iran’s Social Security Organization (SSO).

MA/MA