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
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review