Azerbaijan, Baku, Nov 29 /Trend A.Akhundov/
The State Securities Committee (SSC) has registered the issue prospectus of ordinary registered shares of the insurance company Paşa Sığorta, the Committee said on Thursday.
The placement will be conducted by converting the nominal value of 40,000 shares with a par value of 875 manat in the same amount of shares with par value of 887.5 manat.
Thus, the company's share capital will be increased from 35 million manat to 35.5 million manat.
JSC "Paşa Sığorta", a member of the Paşa Holding, provides services to corporate and individual clients on 30 types of insurance. With registered capital of 35 million manat Paşa Sığorta is the leader of the national insurance market in terms of capitalization and one of the leading insurers and reinsurers in Azerbaijan.
Official exchange rate on Nov 29 is 0.7847 AZN/USD