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
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review