BQ JSC, a prominent Azerbaijani entity, has announced plans to increase its charter capital by 51 times, raising the figure from the current 4,010 manats to 204,510 manats. This substantial financial expansion involves an injection of 200,500 manats into the company's equity structure.
Operative Information Center-OMM reports that the capital increase will be facilitated through the issuance of 100 new shares, each carrying a nominal value of 2,005 manats. Invest-AZ Investment Company CJSC has been appointed as the underwriter for the process. Prospective investors may also coordinate through other investment firms that are members of the Baku Stock Exchange CJSC.
Established in 2016, BQ JSC is 100% owned by Farman Guliyev. Guliyev maintains a significant footprint in Azerbaijan's financial sector; alongside his father, Eldar Guliyev, he is a major shareholder in the Para JSC non-bank credit organization (BOKT). This move to bolster BQ JSC's capital base reflects a broader trend of capitalization within Azerbaijan's private sector, aimed at strengthening financial stability and expanding operational capacity in the local market.
