The State Securities Committee granted on April 7 LLC Azfinance Invest a license for broker -dealer activities in the securities market.
Ltd. Azfinance Invest was registered on January 30 this year under a different name Gilan Capital. The authorized capital of the company is 1,000 manat, the address and CEO remain unchanged.
Earlier LLC Gilan made entry into the securities market by Ltd. AFB Capital. In December 2009, LLC AFB Capital was granted a license as a broker-dealer. In March 2010, the company received another license for securities management, but in May 2011, the company abandoned all the three licenses.
Ltd. AFB Capital despite the suspension of activities is still a subsidiary of JSC AFB Bank (included in the group of companies Gilan).
Currently, licenses for brokerage activity belong to 16 companies. Another 15 licenses were issued for the dealership. Stock ranking of brokers in March this year included 10 companies.
This year, the license must be updated for three brokers (LLC Caspian Financial ltd, Standard Capital and Khalg Capital). Licenses for professional services on the securities market are issued for 5 years. -08B-
Economics
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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