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
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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