Shares of JSC United Credit Bank totaling 1.5 million manat were posted Friday on the BSE.
Issue of 17.5 thousand ordinary registered uncertified shares with par value of AZN 2,000 passed state registration in late February this year. According to the exchange, all shares were sold in a single transaction (one investor).
Underwriting was done by Ltd. Chelsea Capital. By now they've placed 15.4 % (5.4 mln) of the announced issue. According to the law an issue shall be deemed when placing a half of it. The paid charter capital, thus, reached 25.51 million manat.
The principal shareholder (88.78 % equity) is LLC United Business Co. The remaining shares are divided between two individuals. - 15B -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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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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