Shares of Zaminbank for a total of 2.5 million manat are available on the BSE.
Emission of 50 thousand ordinary registered non-documentary shares of AZN 200 was registered by the end of December 2012. According to the Exchange, all the shares were sold in a single transaction (one investor).
The underwriting services were provided by Texnika Capital Management Ltd. Today there has been posted 75% (7.5 million manat) of the announced issue. According to the legislation, an issue takes place in case of placing half of it.
Paid-up share capital of the bank, thus, reached 39.682 million manat. Major shareholder of Zaminbank operating since 1992 is the chairman of the Supervisory Board Nadir Ismayilov (99.07%). - 15D -
Economics
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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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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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