Bank Of Baku

AIC’s authorized capital to remain unchanged next year

AIC’s authorized capital to remain unchanged next year
# 14 November 2006 16:06 (UTC +04:00)
The authorized capital of the Azerbaijan investment Company is not planned to be increased next year, AIC Observation Council chairman, Economic Development Minister Heydar Babayev said, APA reports.
He also said they are negotiating with foreign financial institutions on foreign investment in the company.
“We don’t want the State own 100% of the stakes. We intend to attract additional investors in the market,� he said.
The authorized capital of the AIC is AZN 90m. /APA/
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