Amrahbank starts on November 20 this year to accommodate 200 thousand ordinary registered uncertified shares of nominal value of AZN 100, the Baku Stock Exchange.
Issue of shares has been included in the quotation list of the exchange. According to the prospectus, the placement will be held by mass demand. The underwriting will be provided by Ltd. Chelsea Capital.
At full placement of new shares the authorized capital of the bank will increase by 100.8 % to reach 39.844 million manat.
The main shareholder of Amrahbank is Chairman of the Supervisory Board Yunis Ildirimzade (56.5 % equity). - 15B -
Economics
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