The insurance company Revan Sigorta plans to increase the share capital by more than half - from 4 million to 8 million 900 thousand 039.2 manats.
According to the State Securities Committee (SSC), on 4 November there was registered the issue prospectus and the shareholders decided to use a simple method of mass no-entry shares.
The nominal value of each of the 120 thousand 99 securities is 40.8 manats. Increase after being placed on the BSE will be 4 million 900 thousand 039.2 manats. The registration number is AZ1003005316.
Insurance company Revan Sigorta has been operating in Azerbaijan since 1998 and has a perpetual license for insurance activity. It previously operated under the name Star Alliance.
The authorized capital of the company today is 4 million manat, which is less than the required minimum by the Ministry of Finance, i.e. 5 million.
The company provides 19 types of insurance, including 2 mandatory.
Since 2007, in connection with the change of the founders it is Nurgun by name. -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