Baku Metro's charter capital to increase by 31.4% – Exclusive

The charter capital of Baku Metro CJSC is set to increase by 31.4%, or 809.6876 million manats (about $476.3 million), to 3.390326 billion manats (about $1.99 billion).

According to Report, the company's current charter capital stands at 2.5806384 billion manats (about $1.52 billion).

The increase is planned through the additional issuance of 57.2622 million new shares, each with a nominal value of 14.14 manats (about $8.33).

On May 7, 2026, Azerbaijani President Ilham Aliyev signed a decree "On the Reorganization of Baku Metro CJSC, Amendments to Certain Decrees and Orders in Connection Therewith, and the Repeal of Certain Orders." Under the document, BakuBus and Baku Taxi Service were merged into the joint-stock company.