Azerbaijan Investment Company's portfolio made public

The total investment portfolio of Azerbaijan Investment Company (AIC) OJSC, owned by the Ministry of Economy, amounted to 325 million manats (over $191 million) as of December 31, 2023, Report informs citing the ministry.

Of this, the shares, equity portfolio and investment tools equivalent to shares account for 70% (228 million manat ($134 million), fixed income portfolio made 25% (80 million manat - $47 million) and available funds made 5% (17 million manat ($10 million).

According to the report, 42% of the company’s income for 2020-2023 (17.5 million manat ($10.29 million) came from dividends from companies in which it invested.