Azerbaijan-Oman Direct Investment Fund to acquire stake in Azer-Turk Bank

The Azerbaijan-Oman Direct Investment Fund will become a shareholder in the state-owned Azer-Turk Bank OJSC, Report informs.

The corresponding agreement was signed within the Second Azerbaijan International Investment Forum (AIIF 2026), held in Baku under the patronage of President Ilham Aliyev.

On the Azerbaijani side, the document was signed by Dayanat Sadullayev, Acting CEO of the Azerbaijan Investment Holding, and on the Omani side by Saif Al-Mahrouqi, Manager of G2G Funds at the Oman Investment Authority.

Azer-Turk Bank was established in 1995. Its charter capital stands at 100.5 million manats. SOCAR holds a 51% stake in the bank, the State Service for Property Issues under the Ministry of Economy (acting on behalf of the Azerbaijani government) holds 24%, Türkiye's Ziraat Bank holds 12.37%, Ziraat Bank International holds 1.08%, AzRe Reinsurance OJSC holds 6.55%, and Gala Life Insurance OJSC holds 5%.

($1=1.7 manats)