United Credit Bank posted a little over 20% of the new share issue
Shares of JSC United Credit Bank totaling 900 thousand manats posted Friday on the BSE.
Issue of 17.5 thousand ordinary registered uncertified shares with par value of AZN 2 passed state registration in late February this year. According to the exchange, all shares were sold in a single transaction (one investor).
Underwriting was provided by LLC Chelsea Capital. Today there has been placed 20.6% (7.2 million manat) of the announced issue. According to the law shall be deemed issue when placing the half of it. The paid charter capital, thus, reached 27.31 million manat.
Principal shareholder (88.78 % equity) is LLC United Business Co. The remaining shares are divided between two individuals. - 15B-
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review