Bank Of Baku

Gala Life increases authorized capital

Gala Life increases authorized capital
# 15 November 2011 15:35 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered the emission prospectus of ordinary, book-entry shares of Gala Life Insurance Company.

According to Committee, the volume of the issue is AZN 4,350,500, face value – AZN 1,243 and the quantity – 3,500. After placement, the authorized capital will increase by 24.3% to AZN 4,350,500.

Remind that, Gala Insurance was renamed to Gala Life on November 30, 2010. The company operates 5 voluntary and 5 compulsory insurance types.
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THE OPERATION IS BEING PERFORMED