The conversion of its shares from 4.11 to 4.40 manat will enable the insurance company Khalg Sigorta to increase its authorized capital to 32 million 516 thousand manats (+ 7.05%).
According to the data of the State Committee for Securities (http://www.scs.gov.az/n449/xalq_sigorta_asc-nin_adi_senedsiz_adli_sehmleri_dovlet_qeydiyyatina_alinmishdir), growth of the nominal value applies to 7 million 390 thousand securities held by the financial structure. Recall, the level of the authorized capital is 30 million 372.9 thousand manats.
JSC Khalg Sigorta obtained a license from the Ministry of Finance in April 2006. Its shareholders are three individuals.
In January-May, the company collected 4 million 223.44 thousand manats and paid on insurance cases 1 million 543.38 thousand manats (the Eastern European ratio is 36.5%). --17D-
Economics
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