Area served Europe Type of business Private | Founder Azay Mohnatov Website afholding.com Founded 1991 | |
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Key people Azay Mohnatov(Founder and President) Profiles | ||
AF Holding International is one of the largest conglomerate companies in Azerbaijan. The company headquarters is located in Baku with offices in Frankfurt and London. AF Holding is active in business sectors of construction, production, property, retail and tourism which are based in Baku and abroad.
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Construction
AF Construction is the division of AF Holding for building residential buildings for the company itself and consists of companies which are: Ugur 97, Everton Int. and Muradli Construction companies.
Finance
AF Bank is the previous name of VTB Bank Azerbaijan which is now controlled with 51% majority stake by VTB Bank.
Production
AF Production is the division of AF Group which is active in industry of producing Plastic products and consists of AFSAN Plastics, AF PEN (PVC doors and windows) and other factories.
Property
AF Property is the real estate division which is responsible for developing the property business and manages a number of properties of AF Holding. It consists of properties and businesses such as: Euro Home construction marketplace chain, AF Business House (Office building) and AF Property Limited.
Retail
AF Retail is responsible for managing retail properties including AF Mall, AF Euro Home, AF Com Center, AF Com Plaza and others.
Tourism
AF Tourism and Hotels is the division of AFHolding for hotels and aqua parks which are: AF Hotel Aqua Park, Aqua Park Shikhov, Aqua Park Baku and others.