Liquidated Kuwait- Azerbaijan Investment Company

Baku/14.02.14/Turan ZAO " Kuwait- Azerbaijan Investment Company" announced liquidation. The reasons for the elimination of established in June 2009, the company is not informed.

Investment Company was established with the participation of the state of "Azerbaijan Investment Company > (AIC, a 25% interest ) and the company "Turkapital" ( a subsidiary of Kuwait Finance House , 75%) . Parties planned to invest in non-oil sector of Azerbaijan's economy $ 20 million as part of the equity in the Company . However, since that time, the company did not report the selected projects , and perhaps for the lack of their founders decided to dissolve it .

Paid up share capital of CJSC " Kuwait- Azerbaijan Investment Company" was 410 thousand manats.

Of AIC was established in 2006 by the State Oil Fund of AR ( $ 90 million ) to support the non-oil sector . Today, the company registered capital of 160 million manat. It holds stakes in several companies with various equity participation , but not more than 25%. Among them is "Holcim (Azerbaijan)" - 10% , LLC "Milk Pro" 20 %, "Baku Shipyard Company" - 25 %, "Azertoxum" - 17,46%, "Agstafa Aqrotexservis" - 25% of "Seba " - 25% and " Caspian International Investment Company " - 24.1% .

In 2012, JSC co-founder sold a 25% stake in two companies - JSC "Sanqachal Terminal" and CJSC "Azerbaijan Salt Production Association"

AIC does not publish an annual report and the annual financial report . On February 12 of this year the company signed a contract with the company "Baker Tilly Audit Az?rbaycan" for the audit of financial statements for 2013 . - 08B-