Shareholders of Bashak Inam Insurance OJSC will discuss increasing the company’s authorized capital on December 22, the company said in a message.
Currently, the authorized capital of Bashak Inam is 7 million Azerbaijani manats.
Moreover, during the meeting, the shareholders will discuss changing the name of the insurance company and the results of the company’s activities in the first nine months of 2016.
The first half of 2016 Bashak Inam completed with a profit of 294,360 manats. The company’s assets decreased by 7.2% to 8.5 million manats, liabilities – by 32.2% to 753,140 manats during the year.
Bashak Inam Insurance OJSC was formed in 1994. (Trend/Business World Magazine)