Azerbaijan, Baku / Trend corr U. Ismayilova / The Joint Azerbaijani-Iranian Azer-Assiya insurance company sold 20% of its 49% of Iranian investors' shares, the president of the company, Gambar Suvanverdiyev, reported on 14 June.
According to Suvanverdiyev, the decision to involve another investor was made at the meeting of the founders on 30 May. The first round of talks on selling of the stock has already been held, but the new investor has not been publicized yet. The president noted that the decision was made due to the change of property form of the company from closed joint-stock company to open joint-stock company.
The Charter of the company and the statutory capital were reviewed during the meeting (increased up to AZN 770,000 from AZN 714,000). Elections for the top positions in the company were held. Gambar Suvanverdiyev was re-elected as president of Azer-Assiya.
Azer-Assiya was founded by Iranian Asiya S?gorta (49%) and Azerbaijani AzerS?gorta state insurance commercial company (51%) and has been operating since 1997. The joint capital of the company comprises AZN 2mln. Azer-Assiya provides services on 30 different types of insurance, with four of them being obligatory.