Azergarant raises authorized capital 43%

Azergarant raises authorized capital 43%
# 31 May 2007 14:44 (UTC +04:00)
Azerbaijan’s Azrgarant Insurance Company increased its authorized capital 43% to AZN 1 million.
Shukur Huseynov, deputy chair of the board, told APA-Economics that the authorized capital increase was funded by the existing shareholders.
The company is working to further increase its nominal capital and prepare new insurance packages.
Established by a number of individuals in 1993, Azergarant provides 21 voluntary and 4 compulsory types of insurance services. /APA-Economics/
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