TASHKENT, Uzbekistan, May 14. Representatives
of Uzbekneftegaz JSC and the international rating agency Fitch
Ratings have discussed the prospects for issuing Islamic securities
(Sukuk), Trend
reports via Uzbekneftegaz.
The discussions took place during a meeting held within the
framework of the "Oil & Gas Uzbekistan - OGU 2026" international
exhibition and conference.
The parties focused on the potential use of various financial
instruments to strengthen the company’s capital position, with a
specific emphasis on the issuance of Sukuk and other Islamic
financing mechanisms.
The sides explored how these Sharia-compliant instruments could
diversify the company's funding sources and enhance its
attractiveness to international investors.
In addition to Islamic finance, the meeting covered strategies
for improving Uzbekneftegaz’s credit rating and the possible
organization of syndicated loans and additional Eurobond
issues.
