Share capital of Buta Sigorta will exceed 11 million manats
Buta Sigorta Insurance Company today launched a placement of additional shares in the amount of 4 million manat.
According to BSE, the securities are not included in the quotation list of BSE.
The emission is divided into 200,000 shares with par value of 20 manat per security. Shares must be placed before March 1, 2015.
Underwriter of the shares of the additional issue is LLC Chelsea Capital. Meanwhile the charter capital of Buta Sigorta is 7.3 million manat. As a result of the placement, the share capital will increase 54.8 % to 11.3 million manat.
Buta Sigorta has operated in the insurance market of Azerbaijan since 1996. Buta Sigorta is part of the NAB Group of Companies. -17D-
-
- Economics
- 23 April 2014 17:12
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review