New Investment Company

LLC PSG-Broker today announced the transformation into a closed joint stock company. This means that in the case of obtaining a license, it will be the sixth investment company in Azerbaijan, which will provide a variety of services on the securities market.

The company is included in the PSG group. On its founders nothing is known. The company does not provide this information in its corporate website (http://psgbroker.az/az/about) and does not publish its financial statements.

It is known that it was the underwriter of placement of four issues of bonds of JSC Southern Gas Corridor, for a total of $ 2 billion 516 million US dollars. Co-founder of CJSC Southern Gas Corridor is SOCAR.

According to unspecified information, PSG-Broker is a subsidiary of SOCAR. The company has a co-founder in Europe. The company's authorized capital amounts to 100 thousand manats. The Director of the company, until recently, was Sabina Isayeva. Currently this position is held by Faig Mammadov, who also directs the legal company of the group.

The PSG group includes the companies PSG Resort, PSG Production, PSG Tax Consulting, PSG Low, PSG Control Systems and the non-bank credit organization PSG Finance.

Currently, the stock market is attended by five investment companies: Unicapital, Invest-AZ, Azfinance, Capital Management and Pasha Capital.     ------08B