Capital of One Entity of Pasha Holding Exceeded 203 Million Manat

LLC Pasha Development has again increased its capital this year. This time the capital of the subsidiary of Pasha Holding was invested more than 144 million manat.

According to the state register of commercial legal entities, today the share capital of the company amounts to 203 million 273.9 thousand manat. Prior to this, the capital of LLC Pasha Development was estimated at 59 million manat. In the establishment (June 2012), the capital was invested AZN 16 million by the founder (LLC Pasha Holding). During the 33 months the capital of the company increased 12 times.

The site of the holding (http://pashaholding.az/business/pasha_development.html) states that the company is involved in the acquisition, development and control of realty. The office is located in the towers Baku Port.

 Pasha Holding is controlled by the sisters Leila and Arzu Aliyeva, daughters of the President of Azerbaijan. Its assets are estimated at 3 billion manat. Numerous enterprises of the group employ more than 2,500 people. The holding includes JSC Pasha Bank (60%), Pasha Life (100%), Pasha Insurance (100%), Pasha Development (100%), Pasha Construction (60%), Pasha Travel (60%), Absheron Hotel Group (100%) and Capital Bank (99.87%). The group also holds small shares in several companies. ---08B