Baku, Azerbaijan, Mar. 30
By Orkhan Quluzade – Trend:
The salary of each member of the board of the Turkish petrochemical complex Petkim was set at 27,500 Turkish liras per month, says a report on the general meeting of Petkim shareholders, posted on the website of Turkey’s Public Disclosure Platform (Kamuoyunu Aydinlatma Platformu – KAP).
Petkim’s board of directors consists of nine people, including Vagif Aliyev, chairman of board (representing SOCAR Turkey Petrokimya AS), David Mammadov, deputy chairman, as well as Farrukh Gasimov, representative of SOCAR Turkey Enerji AS.
Independent board members are Mehmet Bostan, Tevfik Bilgin, Mehmet Ceylan, Ertugrul Altin, Ilhami Ozsahin and Suleyman Gasimov.
As of Jan. 1, 2017, Petkim’s assets increased by 14.8 percent and amounted to 6.27 billion liras as compared to 2015 (5.46 billion liras).
Net profit of Petkim increased by 14.5 percent and totaled 731.7 billion liras in 2016 as compared to 2015.
Petkim produces plastic packages, fabrics and detergents. It is the sole Turkish manufacturer of such products, a quarter of which is exported.
Petkim shareholders are SOCAR Turkey Petrokimya AS (51 percent), SOCAR Turkey Energy (1.32 percent), with 47.68 percent of shares in free float.
Official exchange rate on March 30 is 3.6495 TRY/USD.
---
Follow the author on Twitter: @o_quluzade