Bank Of Baku

Khalg Sighorta doubles share capital

Khalg Sighorta doubles share capital
# 28 January 2009 13:46 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. Azerbaijan State Committee on Securities has registered Khalg Sighorta Insurance Company’s issue prospectus of book-entry ordinary registered shares.
The face value per stock is AZN 2, the total number is 7.39 million and the amount AZN 14.78 million.
The issue will be realized through public offering on Baku Stock Exchange.
Exchange analysts say the placing is expected to start in February.
If successful, the company’s authorized capital will double to AZN 29.56 million.
Khalg Sighorta has been in operation since 2005.
As of January 1, its authorized capital stood at AZN 14.78 million. The company has branches in Sumgait and Gandja.
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