Bank Of Baku

Azerbaijan Industry Insurance increases authorized capital

Azerbaijan Industry Insurance increases authorized capital
# 27 August 2011 08:47 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Azerbaijan Industry Insurance OJSC.

According to SCS, per value of shares is AZN 1,200, quantity – 1,000 and total volume of emission – AZN 1.2 mln.

Fund’s specialists say the authorized capital will increase by 30% to AZN 5.2 mln after placement.

Remind that, Azerbaijan Industry Insurance has been inn operation since 1996.
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