Azerbaijan Investment Holding

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.

Azerbaijan Investment Holding
Azərbaycan İnvestisiya Holdinqi
Agency overview
Formed7 August 2020 (2020-08-07)
Headquarters6 Azerbaijan Avenue, Baku, Azerbaijan Republic
Websiteaih.gov.az

History

Azerbaijan Investment Holding (AIH) is a public legal entity that was established according to the Decree of the President of the Republic of Azerbaijan dated the 7th of August 2020. According to the Decree of the President of Azerbaijan, list of state-owned enterprises given under the management of AIH was approved.[1]

Management

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.

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 .[2]

The Chairman of the Supervisory Board is the Prime Minister of Azerbaijan Ali Asadov.[3]

Members of the Supervisory Board:

  1. Assistant to the President - Head of the Department for Economic Affairs and Innovation Development Policy of the Presidential Administration of Azerbaijan
  2. Assistant to the President - Head of the Department of Economic Policy and Industry of the Presidential Administration of Azerbaijan
  3. Minister of Economy of Azerbaijan
  4. Minister of Finance of Azerbaijan

AIH Activity

By the Decree of the President of the Republic of Azerbaijan, 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 .

On Mai 8,2021 President made Amendments to the Decree “On improving the structure of the State Oil Company of the Republic of Azerbaijan”. 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
  • State Oil Company of Azerbaijan
  • "Azerbaijan Airlines" CJSC
  • "Azerbaijan Railways" CJSC
  • "Azerbaijan Caspian Shipping Company" CJSC
  • "Baku Metro” CJSC
  • "Azergold" CJSC
  • İnternational Bank of Azerbaijan" OJSC
  • "Azer-Turk Bank" OJSC
  • "Tamiz Shahar" OJSC
  • "Baku International Commercial Sea Port" OJSC
  • State Insurance Commercial Company of Azerbaijan
  • "BakuBus" LLC.[4]

See also

Investment in Azerbaijan

References
  1. http://e-qanun.az/framework/46254
  2. "C H A R T E R of the Azerbaijan Investment Holding". socar.az.
  3. "Azərbaycan İnvestisiya Holdinqinə sədr təyin olundu". marja.az (in Azerbaijani). Retrieved 2021-04-18.
  4. "Azərbaycan İnvestisiya Holdinqinin idarəetməsinə veriləcək dövlət şirkətlərinin və müəssisələrinin, habelə dövlət payı olan təsərrüfat cəmiyyətlərinin siyahısı". azertag.az (in Azerbaijani). Retrieved 2021-04-18.
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