TASHKENT, Uzbekistan, April 9. Uzbekistan’s
National Investment Fund will place shares of domestic companies on
international markets for the first time, Head of the Presidential
Administration Saida Mirziyoyeva wrote on her social media account,
Trend reports.
“Uzbekistan is taking a historic step by entering the global
equity market for the first time. The National Investment Fund will
offer shares of national companies simultaneously on the London
Stock Exchange and the Tashkent Stock Exchange. This has been made
possible thanks to the open economic policy pursued by our
President,” the post reads.
According to her, the preparation and support of the IPO is
being carried out by Franklin Templeton, an international
investment firm licensed to operate in Uzbekistan.
“This move sends a clear signal to foreign investors. We are
demonstrating our readiness to operate in line with global
standards - transparently and fairly. Uzbekistan’s economy is
entering a new stage of modern development,” she added.
