BAKU, Azerbaijan, December 7. "Xalq Emlak" LLC has announced the increase of its authorized capital to 40 million manat ($23.5 million), Trend reports via ‘Vergilar’ online newspaper of the State Tax Service under the Ministry of Economy.
Previously, the reduction of its authorized capital by 43.5 percent (17.4 million manat - $10.2 million), to 22.6 million manat ($13.2 million) was announced.
The "Xalq Emlak" LLC was established by the "Xalq Bank" JSC in August 2021.