EE Impact

AF Holding

Azerbaijan · Conglomerate

LeaveRussia detail: Scaling Back

Scaling back

AF Holding International is one of the largest conglomerate companies in Azerbaijan. The company has offices and activities in Baku, Moscow and London. AF Holding is active in business sectors of construction, production, property, retail and tourism which are based in various countries.

Status last verified 03/08/2026Source checked 10/06/2025Company website ↗LeaveRussia profile ↗

Decision trail

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Local stats (LeaveRussia)

Assets(RF), mln.USD
4
Staff(RF), 2021
14
Revenue(RF), mln.USD
2

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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Statuses, logos and narrative notes are compiled from public reporting and the KSE LeaveRussia project. Found an error? See our corrections policy.