Bank Of Baku

Amrah Sigorta to raise its authorized capital 12.5%

Amrah Sigorta to raise its authorized capital 12.5%
# 16 March 2007 16:14 (UTC +04:00)
Azerbaijan’s Amrah Sigorta Insurance Company intends to raise its nominal capital by 12.5% by this year’s end.
The Company Officer Rovshane Javadova told APA-economics that the company’s authorized capital to reach AZN 800,000 through funding by local shareholders.
The insurer raised its paid-in capital by 16.6% during 2006 through the rise in the number of shareholders.
Two individuals established Amrah Insurance in 1993.
The Company provides 3 compulsory and 14 voluntary insurance services at present. /APA-Economics/
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