On June 11, 2024, by the decision of the Listing Committee of the Baku Stock Exchange (BFB), the shares of "Azerbaijan International Bank" OJSC were included in the premium market segment of the Baku Stock Exchange.

"The placement of ABB shares through the Initial Public Offering (IPO) on the Baku Stock Exchange was completed on September 17-24, 2024."

The details of the shares are as follows:

The 3-month subscription process for ABB shares was completed with a historic result for the country’s capital markets. More than 33,000 investors placed nearly 50,000 orders for ABB shares, and all orders were executed. As a result, the number of individual shareholders in ABB increased from 1,794 to 35,104. After the placement of shares, the private shareholder stake in the bank rose to 7.8%. The increase in the number of shareholders will create significant activity in the country’s capital markets, and new investment opportunities will further develop this market.

It is worth noting that on August 31, 2023, the President of the Republic of Azerbaijan signed a Decree "On measures related to attracting private investments to state-owned enterprises." According to the Decree, one of the state enterprises to attract private investments is the Azerbaijan International Bank.

The Baku Stock Exchange, playing a strategic role in ensuring the economic development of the region and facilitating capital flows for stakeholders, supports the development of financial markets by ensuring reliability for investors and accessibility for issuers, thus laying the foundation for economic stability and growth in the region.