Azerbaijan Investment Holding
| Azərbaycan İnvestisiya Holdinqi | |
| File:AIH's logo.png | |
| Agency overview | |
|---|---|
| Formed | 7 August 2020 |
| Headquarters | 6 Azerbaijan Avenue, Baku, Azerbaijan Republic |
| Website | aih |
Azerbaijan Investment Holding (Azerbaijani: Azərbaycan İnvestisiya Holdinqi) (AIH) is a public legal entity that carries out activities in the field of management of state-owned companies and enterprises, economic enterprises with a state share of participation based on common principles.
History[edit]
The authorized capital of the Azerbaijan Investment Holding is ten million manats.[1]
According to the Decree of the President of Azerbaijan list of state-owned enterprises given under management of AIH was approved.
Management[edit]
The governing bodies of AIH are the Supervisory Board and Management Board. The Supervisory Board consists of five members – the Chairman of the Board and other members appointed and dismissed by the President of the Republic of Azerbaijan.[2]
The Management Board consists of five members - the Chairman of the Executive Board and other members. The Chairman of the Management Board is appointed and dismissed by the President of the Republic of Azerbaijan. One of the members of the Board is also AIH CEO. Other members of the Executive Board, including CEO, shall be appointed and dismissed by the Supervisory Board on the recommendation of the SB Chairman .[1]
The Chairman of the Supervisory Board is the Prime Minister of Azerbaijan Ali Asadov.[2]
Members of the Supervisory Board:
- Assistant to the President - Head of the Department for Economic Affairs and Innovation Development Policy of the Presidential Administration of Azerbaijan
- Assistant to the President - Head of the Department of Economic Policy and Industry of the Presidential Administration of Azerbaijan
- Minister of Economy of Azerbaijan
- Minister of Finance of Azerbaijan.[3][4]
AIH Activity[edit]
By the Decree of the President of the Republic of Azerbaijan dated [3], a number of state-owned companies and enterprises with a state share are included in the management of AIH.
A change has been made in the “List of state-owned companies and enterprises, as well as business entities with a state share, to be given to the management of Azerbaijan Investment Holding”, (https://president.az/articles/51298) confirmed with [4].
On Mai 8,2021 President made Amendments to the Decree “On improving the structure of the State Oil Company of the Republic of Azerbaijan” (https://president.az/articles/51420). According to the amendments, the structure of SOCAR shall be approved by the Azerbaijan Investment Holding (“AIH”) in coordination with the President of the Republic of Azerbaijan.
State-owned enterprises under AIH management[edit]
- State Oil Company of Azerbaijan
- "Azerbaijan Airlines" CJSC
- "Azerbaijan Railways" CJSC
- "Azerbaijan Caspian Shipping Company" CJSC
- "Baku Metro” CJSC
- "Azergold" CJSC
- "Azerenerji" OJSC
- ·"Azersu" OJSC
- "Azerishig" OJSC
- "Azerbaijan Amelioration and Water Management” OJSC
- "International Bank of Azerbaijan" OJSC
- "Azer-Turk Bank" OJSC
- "Azeristiliktedzhizat" OJSC
- "Tamiz Shahar" OJSC
- "Baku International Commercial Sea Port" OJSC
- State Insurance Commercial Company of Azerbaijan
- "BakuBus" LLC.[5]
See also[edit]
References[edit]
- ^ "C H A R T E R of the Azerbaijan Investment Holding". socar.az.
- ^ "Azərbaycan İnvestisiya Holdinqinə sədr təyin olundu". marja.az (in Azerbaijani). Retrieved 2021-04-18.
- ^ "M.B.Eynullayevin Azərbaycan İnvestisiya Holdinqinin İdarə Heyətinin sədri təyin edilməsi haqqında". www.e-qanun.az. Retrieved 2021-04-18.
{{cite web}}: CS1 maint: url-status (link) - ^ "Azərbaycan İnvestisiya Holdinqinin Müşahidə Şurasının növbəti iclası keçirilib | Azərbaycan Respublikasının Nazirlər Kabineti". nk.gov.az (in Azerbaijani). 2021-04-18. Retrieved 2021-04-18.
- ^ "Azərbaycan İnvestisiya Holdinqinin idarəetməsinə veriləcək dövlət şirkətlərinin və müəssisələrinin, habelə dövlət payı olan təsərrüfat cəmiyyətlərinin siyahısı". azertag.az (in Azerbaijani). Retrieved 2021-04-18.