We present a letter of gratitude from the State Oil Fund of the Republic of Azerbaijan (SOFAR) on account of “The Intangibles” Team, consisting of the students of Khazar University’s School of Economics and Management, won third place in the “Stock Pitch” competition.

Professor Hamlet Isakhanli
Founder of Khazar University and
Chairman of its Board of Directors and Trustees

Dear Hamlet Muellim!

The State Oil Fund of the Republic of Azerbaijan (SOFAR), celebrating its twenty-year anniversary this year, has set up a number of events in this account, one of which was the organization of the “Stock Pitch” analytical competition. Third-year & fourth-years bachelor students and master students forming four-persons team, took part in the competition and thus demonstrated their quick-wittedness and analytical skills in the subject matter. The results were evaluated by the experienced professionals in the field from SOFAR. In general, the total prize fund of the competition for 63 teams from 11 universities was AZN 10,000, and for the winners of the first, second and third places amounts of 5,000, 3,000 and 1,000 AZN were allocated respectively. In addition, the members of the teams participating in the final stage have been awarded with relevant certificates and those who have successfully participated in the competition will be given an opportunity to undertake internship at SOFAR.

The “Intangibles” team, representing Khazar University at the Competition, consisting of Khayala Shiraliyeva, Mursal Gulami, Murad Nuriyev and Mohammad Baghirlidan, demonstrated outstanding performance at all stages, ultimately excelled in the final stage being chosen from four participating teams. In the final stage of the competition, which was intense, the team has finally won the third place, demonstrating successful results.

Taking into account the above mentioned, we express our profound gratitude to the educational institution under your leadership, and wish you continued success in all your future endeavors. 

Sincerely,
Executive Director
Shakhmar Movsumov

June 10, 2019