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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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