Bank Of Baku

Gala Life Company intends to involve foreign investor to authorized capital

Gala Life Company intends to involve foreign investor to authorized capital
# 27 December 2010 13:42 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan-based Gala Life Insurance Company can involve foreign investor to its authorized capital, Company CEO Abbas Babayev told APA.

According to him, the main shareholder of company AzRe holds talks with several insurance companies.

He noted that, the main purpose, at initial stage was the development of company without foreign capital.

Remind that Gala Sigorta has been in operation since 2008. The company operates 5 voluntary and 1 compulsory insurance types.
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