Caspian International Investment Company continues to reduce its authorized capital

Caspian International Investment Company CJSC is reducing its authorized capital by 2.226 million manats ($1.309 million) or 9.2%, from 24.201 million manats ($14.235 million) to 21.974 million manats ($12.925 million), Report informs.

For this purpose, it is planned to reduce the par value of 36,472 shares in circulation from 663.56 manats ($390.33) to 602.5 manats ($354.41).

Caspian International Investment Company was established in 2008. Its shares are 28% owned by the Islamic Development Bank, 24% by the Azerbaijan Investment Company OJSC of the Ministry of Economy, 18% by the Islamic Corporation for the Development of the Private Sector, 16% by Al Ahmar Group for Trading, Industrial & General Agencies, 14% by Saham Holding Company.