The insurance company Pasha Sigorta plans to increase the share capital to 35.5 million manat (+1.4% or +500 thousand manat).
According to the State Securities Committee (SSC), the major shareholder has decided to apply the method of conversion - the nominal price of each of the 40 thousand securities will increase from 875 to 887.5 manat.
Insurance company Pasha Sigorta, which belongs to Pasha Holding, operates on the local insurance market since June 2006.
The authorized capital is 35 million manat.
The company is licensed to provide services for 31 types of voluntary and compulsory insurance.
In the last 3 quarters the premiums reached 36 million 206.64 thousand manats and the payments were 16 million 571.1 thousand manats. - 17D-
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
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.
Leave a review