Bashak Inam Sigorta not intends to leave market yet

Baku. 4 April. REPORT.AZ/ An extraordinary general meeting of shareholders of Bashak Inam Sigorta OJSC took place today.

Report informs, the issue of temporary adjournment of the decision to close the company included on the agenda of the meeting, merger with another insurance company is possible and sale in the worst case. This decision was taken by 92% of the vote.

Notably, “Bashak 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 - 7.17%, “Azer-Turk Bank” OJSC – 5%, “Groupama Sigorta” (Turkish company with French capital) - 14%, “Agrarkredit” CJSC - 0.34%, Sabina Akif gizi Hasanova - 15.83%, Akif Akbar oglu Karimov (Chairman of Observation Board) – 15.21%, Orkhan Gara oglu Hasanov (Chairman of Board of Directors) - 10.14%, 14 other individual investors - 8.09%.

“Bashak Inam Sigorta” recently applied to Financial Markets Supervision Authority (FIMSA) to leave the market. The FIMSA has already endorsed liquidation of the company.