Commercial Bank OJSC Rabitabank increases share capital by 10 million or 33.3%.
According to the Baku Stock Exchange (BSE), the corresponding prospectus for 492,854 ordinary registered non-documentary shares of 20.29 manat was registered in the State Committee for Securities.
Placement of new shares will be by mass subscription at the BSE. The underwriter company will be Chelsea Capital.
Today, the authorized capital is 30 million manat. It is owned by six individuals and 14 legal entities. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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