Bank Of Baku

Baki Sigorta increases authorized capital

Baki Sigorta increases authorized capital
# 10 June 2011 07:33 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary book-entry shares of Baki Sigorta.

Committee says the face value of share makes AZN 643, quantity – 8,485, volume of the issue – AZN 5,519,512. Emission will be carried out by conversion of Baki Sigorta’s formerly registered shares correspondingly to new parameters. Consequently, company’s authorized capital rose 26.1% to AZN 5,519,512.

Remind that, Baki Sigorta has been in operation since 2007. Currently, its authorized capital makes AZN 4,377,840.
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