Shares of the insurance company Revan Sigorta totaling 4 million 900 thousand will be posted on Thursday, November 28 at the Baku Stock Exchange.
Emission of 99 120 thousand ordinary registered uncertified shares with par value of AZN 40.8 was registered SSC November 4, 2013. According to the exchange, all shares will be sold in a single transaction (investor). Underwriting was provided by Tekhnika Capital Management. According to the law an issue shall be deemed when placing a half of it.
Thus, paid charter capital of the company will more than double - to 8.9 million plus. Today it is 4 million manat .
Insurance company Revan Sigorta has operated in Azerbaijan since 1998 and has a perpetual license for insurance activity. She previously operated under the name Star Alliance.
The company provides 19 types of insurance, of which 2 are mandatory.
Since 2007, the financial structure in connection with the change of the founders belongs to the Nurgun group of companies. - 17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review