'Basak Inam Sigorta' OJSC reshuffles

Baku. 5 October. REPORT.AZ/ On November 7 at 11:00, "Basak Inam Sigorta" OJSC shareholders will hold an extraordinary general meeting.

Report informs, the meeting will be held at the company's registered office at 79 Huseyn Javid Avenue, Yasamal District, Baku.

Agenda of the meeting includes summary of "Basak Inam Sigorta" state in January-September of this year, selection of the Board of Directors, Management Board and Inspection Committee members and other issues.

Notably, “Basak Inam Sigorta” was established in 1996. Its authorized stock capital is 7 mln AZN. Company’s shareholders are as follows: “Zaminbank” OJSC (currently under liquidation) - 24.24%, “Turanbank” OJSC - 7.14%, “Azer-Turk Bank” OJSC – 5%, “Groupama Sigorta” (Turkish company with French capital) - 14%, “Agrarkredit” CJSC NBCI - 0.34%, Sabina Akif Hasanova - 15.83%, Akif Akbar Karimov (Chairman of Board of Directors) – 15.21%, Orkhan Gara Hasanov (Chairman of Management Board) - 10.14%, 14 other individual investors - 8.09%.

“Basak Inam Sigorta” recently applied to Financial Market Supervisory Authority (FIMSA) to leave the market. The FIMSA has already endorsed liquidation of the company.