Shares of Zaminbank totaling 1.5 million manat were posted at the Baku Stock Exchange on Sept. 25.
The release of 50 thousand ordinary registered non-documentary shares worth AZN 200 passed state registration last week. According to the Exchange, all the shares were sold in a single transaction. The underwriting services were provided by Texnika Capital Management. 15% of the announced issue has been posted.
The paid-up share capital of the bank, thus, reached 22.222 million manat. The main shareholder of Zaminbank is the Chairman of the Supervisory Board Nadir Ismayilov (98.54%). - 15D -
Economics
-
In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
-
Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
-
The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
-
Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
Leave a review