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Number of shareholders up in Azerbaijani insurance company

Business Materials 24 September 2019 17:39 (UTC +04:00)

Baku, Azerbaijan, Sept. 24

By Kamala Mammadli - Trend:

The number of shareholders in the Azerbaijani company Mega Insurance has increased, a source at the company told Trend.

According to the source, the number of shareholders has been increased from six to seven.

So, 10 percent of the shares are owned by Faig Shikhaliyev, 9 percent by Yashar Aliyev, 19 percent by Rauf Aliyev, 19 percent by Nazakat Ismayilova, 19 percent by Zaur Guliyev, 14 percent by Yashar Gurbanov and 10 percent by Zeynal Aliyev.

Mega Insurance began operating on Oct. 1, 2010. In 2012, the company received a license to carry out insurance activities in Azerbaijan.

In January-July 2019, Mega Insurance entered the TOP-10 insurance companies (sixth place), with insurance fees in the amount of 15.452 million manats, which is 3.6 percent of the total amount of fees in the Azerbaijani market.

(1 USD = 1.7 AZN on Sept. 24)

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Follow the author on Twitter: @kamala_mammadli

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