'Qala Life Insurance' shareholder sold its stake

Namig Huseynov
Author

Baku. 20 July. REPORT.AZ/ Nizami Mammad Mahmudov, who controls 8.89% of "Qala Life Insurance" OJSC shares, has sold his stake.

Report informs, his share was acquired by "Quna" LLC.

The remaining 91,11% of the company's shares are owned by "AzRe Reinsurance" OJSC as before.

Notably, "Qala Life Insurance" was established in 2008. Its charter capital amounts to 12.87 million AZN. 

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