Bank Of Baku

Silk Way Insurance increases authorized capital

Silk Way Insurance increases authorized capital
# 16 March 2012 11:47 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered the emission prospectus of ordinary, book-entry shares of Silk Way Insurance.

SCS says face value of issue is AZN 691, quantity – AZN 15,500 and volume – AZN 12,092,500. After placement the authorized capital will increase by 12.2% to AZN 12,092,500.

Remind that, Silk Way Insurance Company has been in operation since 1995 (former AZAL Sigorta). The company operates 25 insurance types.
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