Global Investors Snap Up Azerbaijan's ABB Bank Shares

2024-09-24 05:20:53

(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.