JSC Bank of Azerbaijan plans to start from today the placing of 825 thousand ordinary registered non-documentary shares of AZN 20.
According to the prospectus, the placement will be held by means of mass accommodation at the Baku Stock Exchange (BSE).
At full deployment of new shares the authorized capital of the bank will increase by 49.3% to AZN 50 million.
Since 1993 the shareholders of Bank of Azerbaijan have been two individuals and one entity. -15B -
Economics
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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.
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