...

Azerbaijani Qarant Sigorta Insurance Company raises capital by quarter

Business Materials 20 April 2013 15:54 (UTC +04:00)
The State Securities Committee (SSC) has registered the issue prospectus of ordinary registered shares of Azerbaijani insurance company Qarant Sigorta in the amount of five million manat, the Committee’s report published on its website says.
Azerbaijani Qarant Sigorta Insurance Company raises capital by quarter

Azerbaijan, Baku, April 20 / Trend A.Akhundov /

The State Securities Committee (SSC) has registered the issue prospectus of ordinary registered shares of Azerbaijani insurance company Qarant Sigorta in the amount of five million manat, the Committee's report published on its website says.

Placement of the issue will be carried out through the way of conversion of 4,000 shares with par value of 1,250 manat into the same number of shares at par value of 1,000 manat. As a result, the share capital will increase by nearly one million manat - from four to five million manat.

Qarant Sığorta Insurance Company operates under a license of the Ministry of Finance of Azerbaijan dated November 2007. Qarant Sigorta is part of the ZQAN Holding.

The official exchange rate on April 20 is 0.7847 AZN / USD.

Tags:
Latest

Latest