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AtaSigorta companyâ€™s shareholders pass decision on capitalization of net profit

AtaSigorta companyâ€™s shareholders pass decision on capitalization of net profit

29 June 2011 15:14 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijan-based AtaSigortaâ€˜s shareholders held next annual meeting devoted to outcomes of 2010.

Company says reports of Board of Directors and Audit Commission on outcomes of 2010 were listened at the meeting. Moreover, financial reports on outcomes of 2010 were inspected by external independent auditor and confirmed on the basis of given opinion.

At the same time, a decision was passed at the meeting by shareholders on capitalization of net profit.

Remind that, AtaSigorta has been in operation since 2004. The company operates on 23 voluntary and 5 compulsory insurance types. As of April 1, 2011, its authorized capital made AZN 4.8 mln.

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