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SOFAZ received over $25M in dividends from VTB – Executive Director - EXCLUSIVE

In 2016, State Oil Fund of Azerbaijan (SOFAZ) has received 402,000,000 RUB ($6 million) in dividends from VTB, SOFAZ Executive Director Shahmar Movsumov told APA-Economics.

According to him, SOFAZ has totally received 1,200,000,000 RUB ($25.3 million) in dividends from VTB: “VTB prefers to pay stable dividends. However, the dividend policy is determined in accordance with the recommendation of Supervisory Board and decision of the Shareholder Meeting. And if there is any change in this policy, the amount of the dividends may change”.  

 

Full text of the interview will be posted on the website later. 

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