The authorized capital of the company Revan Sigorta reached 5.45 million manat
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
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review