Life insurer in the level of authorized capital will be the third in the market
BAKU/04.02.14/TURAN : The insurance company PASHA Hayat Sigorta plans to increase its charter capital to 40.25 million manat . After registration in the Ministry of taxes it will be the third in the insurance market for this indicator.
According to the State Securities Committee (SSC) , on February 3 the issue prospectus was registered and the shareholders decided to apply conversion method to simple non-documentary shares .
Face value of each of the 70 thousand shares increased from 3.6 thousand to 5.75 thsd AZN . The growth is 15.05 million manat . The registration number is AZ1003009201.
Pasha Hayat Sigorta got license for insurance activity on February 14, 2011 . The sole shareholder of the company is Pasha Holding.
The authorized capital is 25.2 million manat.
In Azerbaijan, there are three insurance companies in the sector of life insurance, whose activities are concentrated in the city of Baku. - 17D-