Shares of Qafqaz Inkishaf Banki totaling AZN 6 mln were posted on the BSE. The issue of 40 million ordinary registered non-documentary shares of 1 manat passed state registration in December last year. According to the Exchange, all the shares were sold in two transactions (two investors).
Underwriting was provided by Chelsea Capital LLC. Today they have posted 37.5% (AZN 15 million) of the announced issue. According to the legislation, an issue is considered valid in case of placing half of it. The paid charter capital thus reached AZN 30 million.
The bank is owned by 1 legal entity and 12 individuals. It is noteworthy that the number of shareholders of the bank was ten, and with the arrival of three new shareholders the share the main shareholder of the bank and the chairman of its Supervisory Board Eldar Ismailov fell from 57.3% to 45.9%. -15B -
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review