Global Investors Snap Up Azerbaijan's ABB Bank Shares
Date
9/24/2024 5:20:53 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 24. Shares of the
International bank of Azerbaijan (ABB) have been acquired by a
diverse group of international investors, Chairman of the Board of
the International Bank of Azerbaijan Abbas Ibrahimov said during a
briefing on the results of the share issuance, Trend reports.
"In the context of our first public offering, 48 international
investors acquired ABB shares. Among them, 44 are new investors,
while 4 already held shares. It is important to note that our focus
during this initial public offering was on encouraging Azerbaijani
citizens to acquire shares," he noted.
To note, in total, approximately 50 thousand applications from
more than 33 thousand investors were received for the initial
public offering (IPO).
This resulted in an increase in shareholders from 1,794 to
35,104 people.
The overall demand for ABB shares has risen by 7.8 percent
compared to the previous period.
84 percent of orders for ABB shares were made through digital
channels.
MENAFN24092024000187011040ID1108708001
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.