Bank Of Baku

Alfa Sigorta increases authorized capital

Alfa Sigorta increases authorized capital
# 29 October 2012 14:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Alfa Sigorta’s authorized capital increased by AZN 2 mln or 42% to AZN 6.75 mln.

Company says the increase was realized by company’s owner Bank Technique’s capital investing.

According to emission prospectus registered by the State Committee for Security, the increase was carried out through issuance of ordinary, book-entry shares of Alfa Sigorta with the face value of AZN 1,000, quantity – 2,000. An extract from State Registry on registration of relevant amendments in statue of Alfa Sigorta OJSC was submitted to the company.

Thus, total number of Bank Technique’s shares made 6,750.,
Remind that Alfa Sigorta has been in operation since 1997.
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