The Listing Committee of BSE decided to include shares of OJSC International Bank of Azerbaijan, the country's largest bank in terms of assets, in the unquoted list of the main level.
Placement of ordinary shares of IBA is scheduled to start on 29 March. Within 3 months, the bank intends to bring 100 million manat to the capital through the sale of 370,370,371 shares of a par value of 0.27 manat each. It should be noted that the market shares of the issuer are offered at 0.12-0.15 manat, depending on the party.
Recall that the listing of the main (first) level of BSE also includes shares of Demir Bank. --08D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review