Bank Of Baku

AzRe Reinsurance Company doubles capital

AzRe Reinsurance Company doubles capital
# 01 June 2009 09:53 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of AzRe Reinsurance Company OJSC.
The volume of the issue is AZN 2 million, face value per stock AZN 1 000.
Experts say placement is likely to start in June.
If floated successfully, the insurance company’s share capital will be doubled to AZN 4 million.

AzRe has been in operation since 2007.
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THE OPERATION IS BEING PERFORMED