Bank Of Baku

Xalq Sigorta to raise share capital

Xalq Sigorta to raise share capital
# 08 May 2009 16:51 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan State Committee on Securities has registered Xalq Sigorta Insurance Company’s issue prospectus of book-entry ordinary registered shares.

The face value per stock is AZN 2.32, the total number is 7.39 million and the amount AZN 17 144 800.

Exchange analysts say the placing is expected to start in May.

If successful, the company’s authorized capital will rise by 2.6 times to AZN 27 824 800.
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THE OPERATION IS BEING PERFORMED