PASHA Holding
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| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Baku, Azerbaijan |
Area served | Azerbaijan Turkey Georgia Montenegro |
Key people | Jalal Gasimov, CEO[1] |
| Services |
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| Total assets |  AZN 11.9 billion (2019) |
| Total equity | AZN 2.6 billion (2019) |
Number of employees | 8500+ (2019) |
| Website | http://www.pasha-holding.az |
PASHA Holding is an Azerbaijani conglomerate.[2][3] Its major holdings are Kapital Bank (81.08%)[4] and Pasha Bank (71.7498%).[5][6] It is owned and controlled by the Pashayev family, of which Vice President and First Lady Mehriban Aliyeva (née Pashayeva) is a member.[7] Aliyeva's daughter Leyla and Arzu inherited the company in 2013 when her father retired.
The company has been embroiled in high-level corruption in Azerbaijan.[2] The company built the Four Seasons hotel in Baku, which involved destroying part of the Baku Fortress Wall of the Inner City.[2]
Among other subsidiaries are Pasha Insurance, Pasha Life and many others.[2][8] The company operates in Azerbaijan, Turkey, Montenegro, Uzbekistan and Georgia.[8] Pasha Holding owns a 50% stake in the Mandarin Oriental Bodrum Hotel.[9][10]
References
[edit]- ^ "PASHA Holding website".
- ^ a b c d Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 126–127. doi:10.7312/alts70456. ISBN 978-0-231-70456-4. JSTOR 10.7312/alts70456.
- ^ "PASHA Mischkonzern will an die Börse". Focus. 2024.
- ^ Kapital Bank. "About Kapital Bank - Section Shareholders".
- ^ KAP Public Disclosure Platform. "KAP Public Disclosure Platform Merkezi Kayıt Kuruluşu AŞ".
- ^ Turkey, Fortune (3 May 2024). "Pasha Bank, Türkiye'deki Faaliyetlerini Güçlendiriyor | Fortune Turkey" (in Turkish). Retrieved 28 May 2024.
- ^ Babali, Hafiz; Ismayilova, Khadija (24 March 2017). "Nowhere To Be Found: Firms With Official Ties Absent From Key Azerbaijani Registry". Radio Free Europe/Radio Liberty.
- ^ a b Pasha Holdings. "Group Structure".
- ^ "Azerbaijan's PASHA Holding confirms acquiring stake at Türkiye's largest hotel". Trend.Az. 13 January 2023. Retrieved 28 May 2024.
- ^ alice (28 February 2023). "Revealed: Aliyev family's holding bought 50 percent of a luxury hotel in Bodrum". MEYDAN.TV. Retrieved 28 May 2024.