Azerbaijani investment company increases capital
Baku, Azerbaijan, Nov. 3
By Azad Hasanli – Trend:
Azerbaijan’s Financial Markets Supervision Chamber has registered the primary issuance of ordinary shares worth 420,000 Azerbaijani manats (1.649 AZN/USD on Nov. 3) of Xalq Kapital LLC, said the regulator Nov. 3.
The cost of each of 210,000 shares is 2 manats.
Regulatory requirements on the volume of authorized capital for investment companies are 300,000 manats.
Xalq Kapital LLC was established in 2009. The company is owned by Xalq Bank OJSC.