Azerbaijani Insurance Company A-Qroup Increases Capital By Over A Third

Baku, Azerbaijan, April 21



Trend:



Azerbaijani insurance company 'A-Qroup Sıgorta Shirketi', specializing in the voluntary health insurance, increases the nominal value of its share by 35.3 percent, as a result of which the company's authorized capital will stand at 7,308 million manats.



Azerbaijani State Committee for Securities registered 7,750 ordinary undocumented nominal shares of the A-Qroup at par value of 943 manats, according to a statement from the committee.



The shares will be placed by means of conversion into the same number of shares at par value of 696.8 manats.



A-Qroup was established in 1995 and renders services on 14 types of voluntary insurance.



A-Qroup is the only insurance company selected by the International Finance Corporation (IFC) as part of the second stage of a pilot program on improving the corporate governance.



The official exchange rate on April 21 is 0.7843 AZN / USD.



Translated by E.A.



Edited by S.I.