PASHA Holding

PASHA Holding is an Azerbaijani conglomerate. Its major holdings are Kapital Bank (81.08%) and Pasha Bank (71.7498%). PASHA Holding is owned by the Aliyev and Pashayev families in Azerbaijan, two of the most powerful families in the country, making it one of the most powerful companies in the country.

Ownership and Criticism

The ultimate shareholders of the company are Pashayev and the first daughters of Azerbaijan's president Ilham Aliyev, Leyla and Arzu. Mehriban Aliyeva is not involved in the business. == Subsidiaries ==

Subsidiaries

Among its subsidiaries are: • Pasha Real Estate Group • Pasha Life • Pasha Insurance • Pasha Bank Azerbaijan • Pasha Bank Georgia • Pasha Bank Türkiye • Pasha Capital • Bir Ecosystem (Birbank, Birmarket, Pashapay) • Bravo • AgroDairy • Pasha Technology • Pasha Ventures Group The company operates in Azerbaijan, Turkey, Montenegro, Uzbekistan, and Georgia. In 2024, Pasha Construction invested 200 million US$ in building a Ritz-Carlton hotel in Tashkent, Uzbekistan. In June 2024, Pasha Holding announced a possible IPO in 2025 at the Azerbaijani Stock Exchange, with a possible double listing in Dubai or Turkey. Pasha Holding has considered establishing a branch in Germany. In similar cases it typically conducts one or two pilot investments, as it did in the United States. Its core business is real estate, and it may also implement pilot projects in the German real estate sector with an investment volume of three to five million Euros. == Activities ==

Activities

The company built the Four Seasons hotel in Baku, which involved destroying part of the Baku Fortress Wall of the Inner City. Between 2023 and 2025, Pasha Holding supported the restoration of the historic Chol Gala Mosque in Shusha. Pasha Holding has been partnering with the Baku International Jazz Festival for more than ten years. ==References==

Source: Wikipedia ↗

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