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Azerbaijani insurance company increases capital by 71 percent

Business Materials 30 April 2010 18:38 (UTC +04:00)
The State Securities Committee of Azerbaijan registered the issue prospectus of ordinary registered stocks of Azerbaijani insurance companies A-Group worth 2,650,500 manat, the State Committee said.
Azerbaijani insurance company increases capital by 71 percent

Azerbaijan, Baku, April 30 / Trend U. Ismayilova /

The State Securities Committee of Azerbaijan registered the issue prospectus of ordinary registered stocks of Azerbaijani insurance companies A-Group worth 2,650,500 manat, the State Committee said.

About  7,750 shares with a nominal value of each of 342 manat were registered.

The authorized capital of A-Qroup will be increased from the current 1.55 million to 2.65 million manat.

On April 30, the official exchange rate is 0.8033 manat to $1.

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