PASHA Holding is an Azerbaijani conglomerate.[2] Its major holdings are Kapital Bank (81.08%)[3] and Pasha Bank (71.7498%).[4][5] It is owned and controlled by the Pashayev family, of which Vice President and First Lady Mehriban Aliyeva (née Pashayeva) is a member.[6] 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][7] The company operates in Azerbaijan, Turkey, Montenegro, Uzbekistan and Georgia.[7] Pasha Holding owns a 50% stake in the Mandarin Oriental Bodrum Hotel.[8][9]
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