Shares of Credo Bank for a total amount of 500 000 manats were posted on BSE.
Emission of 3 thousand ordinary documentary registered shares with par value of AZN 10 passed state registration in October 2012. According to the exchange, all the shares were sold in a single transaction (one investor). The underwriting was provided by Ltd. Chelsea Capital.
As of today, they have placed 47.7% (14.3 million manat) of the announced issue. According to the legislation, an issue is held in the case of placing a half of it.
Paid-in share capital of the bank, thus, reached 35.14 million manat. Credo Bank shareholders are 11 individuals and two entities. - 15B -
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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