Supriya Ghosh

AF Holding

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Industry  Conglomerate
Area served  Europe
Headquarters  Baku
Type of business  Private
Founder  Azay Mohnatov
Founded  1991
AF Holding httpspbstwimgcomprofileimages3382097030b2
Key people  Azay Mohnatov (Founder and President)
Products  Construction, Production, Property, Retail, Tourism

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.



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.


AF Bank is the previous name of VTB Bank Azerbaijan which is now controlled with 51% majority stake by VTB Bank.


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.


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.


AF Retail is responsible for managing retail properties including AF Mall, AF Euro Home, AF Com Center, AF Com Plaza and others.


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.


AF Holding Wikipedia

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