Shares of Qafqaz Inkishaf Banki for a total of 800 thousand manats were placed at Baku Stock Exchange.
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 shares were sold in a single transaction (one investor).
Underwriting was provided by Ltd. Chelsea Capital. On today placed 47.5% (AZN 19 million) announced issue. According to the legislation issue is held in the case of placing her half. Paid charter capital thus reached 33.8 million manat.
Shareholders are one legal person and 12 individuals. It is noteworthy that the number of shareholders of the bank was 10 before, and with the arrival of three new shareholders share of the bank's main shareholder and the chairman of the Supervisory Board Eldar Ismailov fell from 57.3% to 45.9%. - 15B -
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review