JSC Bank of Azerbaycan is scheduled to begin September 4, 2012 placement of 825 thousand ordinary registered non-documentary shares of AZN 20, the BSE said.
The issue of shares is included in the quotation list of the exchange. According to the prospectus, placement will be the method of mass supply. The underwriting services will be provided by Respublika Invest Ltd.
At full deployment of new shares authorized capital of the bank will increase by 49.3% to AZN 50 million.
Shareholders of Bank of Azerbaycan since 1993 are the two individuals and one entity. - 15B -
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review