JSC United Credit Bank plans to start October 30, 2012 placement of five thousand ordinary non-documentary registered shares with par value of AZN 2, the BSE.
The issue of shares is included in the quotation list of the exchange. According to the prospectus, placement will be the method of mass supply. Underwriting services will be by Chelsea Capital.
At full deployment of new shares authorized capital of the bank will increase by 70.9% to 24.11 million manat.
The major shareholder (88.78% equity) is LLC United Business Co." The remaining shares are divided between two individuals. - 15B -
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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