SOFAZ raises payments to foreign managers by more than 40%

In 2023, the State Oil Fund of Azerbaijan (SOFAZ) paid AZN 5.3 million to foreign managers (financial organizations) in charge of its assets. This is stated in the financial statements of the Fund, which were audited at the end of the last year. According to the document, this is up by 40.5% from 2022. During the last year, SOFAZ funds for foreign managers rose by 43.1% amounting to AZN 19,851.2 million.

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