Insurance company "Amrah Sigorta" launched today by placing additional shares of 262 million manat, increasing the share capital by 5.5%.
According to the Baku Stock Exchange, where the shares are placed, as a result the capital will reach 5 million 661 thsd manat. Earlier it was reported that the shareholders of the structure decided to apply the method of additional issue - the cost of each of the 1 310 thousand uncertified unregistered shares is 200 manats. The underwriter of the accommodation is Unicapital.
Insurance company "Amrah Sigorta" operates in the insurance market since 1993.
In 2008, in accordance with the laws, the company, changing the legal form of organization, became a public company. In the same year, "Amrah Sigorta" received a perpetual license to conduct insurance business.
The authorized capital of the company is equal to 4 million 738.66 thousand manats. Its shareholders are two individuals (the family Ildirimzade). - 17D -
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review