PASHA Holding

PASHA Holding is an Azerbaijani conglomerate. Its major holdings are Kapital Bank (81.08%) and Pasha Bank (71.7498%). It is owned and controlled by the Pashayev family, of which Vice President and First Lady Mehriban Aliyeva (née Pashayeva) is a member. 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. The company built the Four Seasons hotel in Baku, which involved destroying part of the Baku Fortress Wall of the Inner City.

Among other subsidiaries are Pasha Insurance, Pasha Life and many others. The company operates in Azerbaijan, Turkey, Montenegro, Uzbekistan and Georgia. Pasha Holding owns a 50% stake in the Mandarin Oriental Bodrum Hotel.