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AIH portfolio companies’ financial results discussed

The regular meeting of the supervisory board of the “Azerbaijan Investment Holding} (AIH), chaired by Prime Minister Ali Asadov, was held on 10 March. The main subject for discussion was a report on the activities of portfolio companies under the management of the AIH for 2022, including their financial performance. AIH’s SB members considered issues of determination of key performance indices of portfolio companies and rules of budget planning process, standards of corporate governance of CJSC “Azerbaijan Caspian Shipping Company”, CJSC “AzerGold”, CJSC “Baku Metropolitan”, LLC “BakuBus” and CJSC “Baku International Sea Trade Port”. Reports of Azerbaijan Investment Holding’s chairman of board Matin Eynullayev and chief executive director Ruslan Alikhanov were listened to. Following the results of the meeting the resolutions on the discussed issues were adopted and the relevant instructions were given to the AIH’ SB. It should be added that the AIH does not disclose its decisions. Worthy of note is that the AIH, as well as a number of its portfolio companies – CJSC “Baku Metropolitan”, CJSC “Azerbaijan Airlines”, LLC “Baku Bus”) do not publish their annual reports and financial statements.

Source: Turan News Agency