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Formation of the statutory capital of Azerbaijan Investment Company
The ultimate objective of the Company’s investment activity is to ensure long-term investment of resources by acquiring equity investments as well as shares in joint-stock companies and other commercial entities operating in the non-oil sectors of the country’s economy.
The investment company’s newly launched operations enabled environment for applying an advanced, state-of-the-art investment mechanism. Implementation of this new mechanism will enable the state, on one hand, to stimulate the operations of enterprises it will acquire equity investments in, wherefore the investment policy designed to promote development of non-oil sectors will be perfectly realized, and, on the other hand, will preserve and maintain the proportionality and equitability between the public and private sector ownership. The company’s equity and bond issuance activities will help promote the domestic securities market as well as support development of corporate governance forms. Dividends to be gained on the company’s shares in enterprise equities will be transferable to the state that is the State Oil Fund’s account, which means an additional source of income and expanded resource base of the Fund.
For more information about the Company, please visit website www.aic.az .
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In 2006 the State Oil Fund allocated