The shares of Bank BTB for a total of 3 million manat were posted on Friday on BSE.
Issue of 36.4 million ordinary documentary registered shares of 1 AZN passed state registration in May. According to the exchange, all shares were sold in a single transaction (one investor). Underwriting was provided by Unicapital.
So far they've placed 36.4 % (13.24 million manat) of the announced issue. According to the legislation an issue is held in the case of placing a half of it.
Paid charter capital of Bank BTB operating since 2010 thus reached 26.84 million manat. The main shareholder of the bank (75 % equity is Mehdiyeva Nigar Ismayil Gyzy (according to unofficial estimates, she is a daughter-in-law of the head of the Presidential Administration Ramiz Mehdiyev) . The remaining shares are divided between two individuals. - 15B-
Economics
-
Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
-
The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
-
Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
-
AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
Leave a review