NEQSOL Holding

NEQSOL Holding is an international group of companies active in energy, telecommunications, construction, and high-tech. It was founded in the early 1990s by Azerbaijani Nasib Hasanov. Initially focused on the oil and gas sector, the holding has expanded into other areas and now includes entities such as Vodafone Ukraine, Bakcell, Caucasus Online, Nobel Oil Group, Nobel Upstream, and Norm Cement. The chairman is Yusif Jabbarov, who was appointed in July 2024, having been CEO since 2018. In 2023 Jabbarov was awarded the Taraggi Medal (Progress Medal), the state award of Azerbaijan, for his contributions to Azerbaijan's economic development and entrepreneurial sphere both personally and through NEQSOL Holding. On 1 May, 2026 the company announced the appointment of Kirill Rubinski, an international investment banker and technology investor, as NEQSOL Holding's new CEO. According to the company, Rubinski was tasked to focus as CEO on four priorities: tighter integration across the group's business units, accelerated digital transformation, strengthened governance frameworks, and unlocking new opportunities in international markets.