BAKU, Azerbaijan, July 28
By Ilkin Seyfaddini - Trend:
Uzbekistan’s Kapital Sugurta insurance company plans to increase its authorized capital to 40 billion soum ($3.9 million), Trend reports citing the company.
Also, at the annual general meeting of shareholders of Kapital Sugurta JSC net profit for 2019 was allocated to the formation of a reserve fund (94.4 million soum – $9.2 million) and to the formation of a reserve fund to pay dividends on JSC preferred shares (377.7 million soum - $37,002).
At the same time, it is determined that the source of payment of dividends on preferred shares are part of net income for 2019 remaining at the disposal of the company and retained earnings of previous years.
Kapital Sugurta decided to increase the authorized capital of the company from 25 billion soum to 40 billion soum (from $2.4 million to $3.9 million), by additional issue of shares - 12 billion common shares and three billion preferred shares.
Kapital Sugurta is a listed company since January 2015. The shares of Kapital Sugurta are admitted to trading on the Stock Exchange Toshkent.
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