JSC TuranBank has started placing additional shares to 3,000,386 manat.
According to the Baku Stock Exchange (BSE), which is conducted at the site of placement, this will increase the authorized capital of the bank by 6.8% - up to 47,000,540 manats.
According to BSE, the securities are included in the quotation list Exchange. Additional issue is divided into 2773 shares with par value of 1,082 manat.
Placement of shares this issue should be completed August 31, 2014. Underwriter of the transaction is LLC Chelsea Capital.
The authorized capital of the bank is yet 44,000,154 manats. The AR Central Bank’s requirement is bringing the capital to 50 million manat. - 17D-
Economics
-
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
-
Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
-
On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
-
In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
Leave a review