Xalq Bank plans to increase its authorized capital by 30.494 million manats or 6.8%, from 446.599 million manats to 477.094 million manats.
AI will summarize what happened, why it matters and what it means for business.
The capital increase will be carried out by raising the nominal value of shares from 123.02 manats to 131.42 manats.
There are 3.6303 million shares of the bank in circulation.
Recall that Xalq Bank was established in 2004. 50% of the bank's shares belong to Ideal Business Co, 33.85% to Euro Standard LLC, and 16.15% to Foton LLC.
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Xalq Bank established
authorized capital was 446.599 million manats
bank plans to increase capital to 477.094 million manats