Azerbaijani PM Chairs Investment Holding Meeting
Date
4/24/2024 2:22:39 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 24. A meeting of theSupervisory Board of Azerbaijan investment Holding has been held,the Cabinet of Ministers told Trend .
Several important agenda issues were discussed during themeeting presided over by Ali Asadov, the Prime Minister andChairman of the Supervisory Board of Azerbaijan Investment Holding included the report detailing the performance of portfoliocompanies managed by the holding up to the end of 2023,highlighting main financial metrics such as gross revenue andEBITDA. Additionally, discussions revolved around the outcomes ofthe corporate governance assessment project conducted by theOrganisation for Economic Co-operation and Development (OECD).
Furthermore, a thorough review was conducted on the activitiesand strategic direction of Azerbaijan Caspian Shipping Company CJSC(ASCO), along with discussions on budgeting protocols, approvalprocesses, and oversight mechanisms for portfolio companies, amongother pertinent topics.
During the session, reports from Ruslan Alikhanov, the CEO ofAzerbaijan Investment Holding, and Rauf Veliyev, Chairman of ASCO,were presented.
Subsequent to deliberations and considering inputs from theSupervisory Board members, decisions were reached on the agendaitems, and relevant directives were issued to the Board ofDirectors of the holding.
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