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Amrah Sigorta increases authorized share capital

05 January 2010 11:51 (UTC +04:00)

Baku. Nijat Mustafayev - APA-ECONOMICS. Azerbaijanâ€™s State Committee for Securities (SCS) has registered Amrah Sigorta insurance companyâ€™s issue prospectus of ordinary registered book-entry shares.

The face value per share is AZN 200, number of shares is 5 000, the total amount of issue is AZN 1 million.

Shares will be sold through public offering in January.

The successful placement of shares will increase the companyâ€™s share capital by 50% to AZN 3 million.

Established in 1993, Amrah Sigorta is owned by two individuals.

The company currently offers 3 types of compulsory and 14 types of voluntary insurance services.