Yesterday, December 25, there was placement of shares of the insurance company Revan Sigorta.
According to the Baku Stock Exchange (BSE ), of the total size of the prospectus - 4,900,039 AZN - 1.45 million manat was posted. The lump transaction was made by the only investor.
Recall that November 28 BSE nominally started placement of the issue of 99,120 ordinary registered uncertified shares with par value of AZN 40.8, which passed state registration in the SSC November 4, 2013. According to the exchange, one investor intends to buy all the shares. Underwriting services are provided by Ltd Tekhnika Capital Management. According to the law, an issue is deemed when placing a half of it.
Thus, the paid charter capital of the company will more than double - to 8.9 million. Until yesterday it was 4 million, today it is 5.45 million manat .
Insurance company Revan Sigorta has operated in Azerbaijan since 1998 and has a perpetual license for insurance activity. It previously operated under the name Star Alliance.
The company provides 19 types of insurance , of which 2 are mandatory .
Since 2007, the financial structure in connection with the change of the founders is a member of Nurgun Group. - 17D-
Economics
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
Leave a review