The State Assets Management Agency of the republic of Uzbekistan

On 12 September this year, Cbonds-Congress, a leading provider of business conferences on financial markets, and the National Association of Investment Institutions organised the VI international conference "Capital Market of the Republic of Uzbekistan", dedicated to discussing the prospects of reforming the capital market of our country and its rapid development.

This traditional conference gathered more than 200 representatives of capital market regulators, domestic banks, investment and production companies, as well as international financial institutions, rating agencies and many experts in this field.

At this event, Deputy Director of UzSAMA Alisher Miraliyev took part in the section ‘Financial Market of Uzbekistan: Regulation’ and in his report spoke about the processes of privatisation of state assets and land plots, as well as prospective plans for 2024. In particular, in 2024 it is planned to sell the state share of about 250 enterprises and more than 1,000 real estate objects.

At the same time, A.Miraliyev gave information about public offering of shares of large companies on the principle of ‘one share - one lot’ within the framework of the programme ‘People's IPO’.

He stressed that the programme ‘People's IPO’ is carried out to form a broad class of owners - shareholders among all segments of the population in the country. In this regard, it was mentioned about primary (IPO) and (or) secondary (SPO) public offering of shares of such large companies as Almalyk MMC, Uzbektelecom, Uzbek Republican Commodity Exchange and Uztemiryulcontainer.

In addition to the process of accepting applications from local investors in public offerings of shares of major companies in Uzbekistan on the RFB Tashkent trading floor, it is also possible to accept applications using the "E-auksion" electronic trading platform, including its mobile application, which has become popular among citizens and user-friendly.

At the same time, an opportunity will be created through the platform online 24/7:

• identification of applicants (ERI, One ID and Mobile-ID) according to the requirements of the securities market legislation;
• selecting a professional broker and concluding an agreement with them;
• opening a depo account (account for shares/bonds);
• sending applications from local investors to purchase shares.

At the event, the participants expressed their confidence that the large-scale reforms implemented in the field of privatisation and the results achieved will serve as a solid foundation for the rapid development of the country's capital market.