AIH Supervisory Board holds its first meeting

President of the Republic of Azerbaijan Ilham Aliyev stressed the need to improve management to increase the efficiency of state-owned companies' economic activities and tasked the Cabinet of Ministers with follow-up actions, in a video conference meeting on August 6.

On August 7, President Ilham Aliyev signed a decree establishing Azerbaijan Investment Holding (AIH) and approving its Charter. The AIH Supervisory Board members were approved by order of President Ilham Aliyev on August 12.

On August 14, the first AIH meeting was held with the participation of Prime Minister Ali Asadov, Chairman of the Supervisory Board, and Supervisory Board members Shahmar Movsumov and Natig Amirov, Assistants to the President of the Republic of Azerbaijan, as well as Mikayil Jabbarov, Minister of Economy, and Samir Sharifov, Minister of Finance.

At the outset, the Chairman and members of the Supervisory Board expressed their gratitude to President Ilham Aliyev for his confidence in them.

Participants in the video conference meeting discussed follow-up tasks arising from the President of the Republic of Azerbaijan's decree, including the organization of corporate management, effective and transparent operation, strengthening financial health, ensuring sustainable development, and other practical arrangements. Timely and complete implementation of the tasks was emphasized. Minister of Economy Mikayil Jabbarov spoke about AIH's practical arrangements and functional activity areas.

The Supervisory Board Chairman gave the necessary instructions regarding appropriate measures to expedite AIH’s launch.