The plans of Amrahbank for repayment of the additional issue of shares totaling 4 million 316.5 thousand mantas have been pushed aside for later.
According to the State Committee for Securities (SCS), the current release of 43,165 securities with par value of AZN 100 will increase its registered capital by 10.8% to 44 million 160.9 thousand manats.
The SCS decision of December 9 was taken in accordance with Article 13.1.1 of the Law "On the Securities Market" (if the actual volume is lower than announced) and Article 4.47.1 of the law "On the issue of investment securities" (at placing at least 50% by volume issue).
JSC Amrahbank with registered capital of 39 million 844.4 thousand manats has been in the market since 1993. Its main shareholder is the International Investment Bank (45.84%), as well as individuals owning the remaining stake. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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