Baku 17° C
AzRe Reinsurance increases capital
Finance
- 15 November, 2016
- 06:28
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 15 November. REPORT.AZ/ AzRe Reinsurance OJSC, the only Azerbaijani company engaged in reinsurance, has increased its authorized capital by 10 mln AZN and made 50 mln AZN.
Report informs citing the company.
According to the information, capital increase took place at expense of increasing nominal value of 2 000 shares in turnover from 20 000 AZN to 25 000.
Notably, AzRe Reinsurance was established in 2007. Its shares owned by 6 physical persons. The company is 100% shareholder of Qala Insurance OJSC, 88.57% Qala Life Insurance OJSC.
Author
Latest News
15:59
Bosnia and Herzegovina looks to strengthen anti-corruption co-op with Azerbaijan
Foreign policy
15:58
Abas Miskarli: Azerbaijani insurers may allocate just 2–3% of portfolios to risky assets
Finance
15:55
Senegal attaches great importance to anti-corruption co-op, OFNAC chairman says
Foreign policy
15:51
Organized crime groups increasingly using AI to conceal assets, Tunisian official says
Foreign policy
15:45
Azerbaijan's European boxing medal tally reaches 25 in 2026
Individual sports
15:43
Limited investment options constrain Azerbaijani insurers, ASA chief says
Finance
15:43
Egmont Institute director: EU-Azerbaijan relations should remain priority – Exclusive
Foreign policy
15:32
Expert calls for legal and tax reforms to develop Islamic finance in Azerbaijan
Finance
15:25
Burkina Faso welcomes holding of OIC anti-corruption bodies' meeting in Baku
Other