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
-
The European Commission views Azerbaijan's increasing gas supplies to Europe as a highly beneficial alternative source for ensuring the EU's energy security, said European Union Energy Commissioner Kadri Simson in an exclusive interview with Turan during her visit to COP29 in Baku.
-
The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
-
Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
-
The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
Leave a review