The level of the authorized capital of the insurance company AXA MBASK reached 14.32 million manat. Baku Stock Exchange (BSE) has registered an increase in the ability to prevent the risk by 63%.
According to the Exchange, the shares were placed on Feb. 5 as a result of a single transaction.
Recall the State Securities Committee February 3 registered the issue prospectus of 14 400 registered no-entry shares, the par value of each of which is 382 manat (total 5.58 million manat).
The registration number is AZ1002003692. The underwriter is Unicapital.
The Open Joint Stock Company AXA MBASK has been operating in the insurance market of Azerbaijan since 1992 and provides services on 25 voluntary and 4 compulsory types of insurance.
Recall that in October 2010 the insurance company changed its main shareholder. Controlling stake (51%) was acquired by AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
December 7, 2010 the license of MBASK was updated into AXA MBASK in connection with the change of the company's name.
The paid-in share capital of the company now stands at 8.74 million manat.
It has a network of five branches and representative offices in Azerbaijan. - 17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review