The insurance company Amrah Sigorta plans to increase the share capital up to AZN 5 million 0.66 thsd (+5.5%).
According to the State Securities Committee (SSC), it has registered the issue prospectus, and the shareholders decided to apply to this framework method in the further issue - each of the 1,310 uncertified unregistered shares will be worth 200 manats (AZN 262 thousand).
Insurance company "Amrah Sigorta" has been operating in the insurance market since 1993.
In 2008, in accordance with the laws of the company, changing the legal form of organization, it became a public company.
In the same year "Amrah Sigorta" received a perpetual license to conduct insurance business.
The authorized capital of the company is 4.5 million manat. Its shareholders are two individuals (the Ildirimzadeh family). - 17D-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review