In 2019, the Agency for the Development of the Capital Market registered 125 share issues with a total issue of 40.6 trillion soums (3.5 trillion shares). In 2018, the total issue made up 13.4 trillion soums.
Kapital Sugurta plans to sell its stake in the insurance company Alskom JSC in the amount of 16.23% of the charter capital of the company.
On 12 December, at the official launch ceremony of the subscription campaign, a collection of investors' applications for the purchase of shares of the leading producer of plastic products of the Republic of Uzbekistan Jizzakh Plastmassa was announced. Funds from the implementation of the additional issue of shares will be used to further expand the production of the enterprise itself.
The Agency for the Development of the Capital Market advocates the lifting of restrictive rules for issuing corporate bonds and permitting their issuance by limited liability companies. The relevant bill developed by the Agency was introduced to the Oliy Majlis of the Republic of Uzbekistan in the prescribed manner.
An international conference entitled “The role of the capital market in the development of the economy of Uzbekistan” was held in the capital, the purpose of which was to discuss the future development of the capital market in our country.
Asian Development Bank (ADB) Vice-President Mr. Shixin Chen today delivered the keynote address at an international conference in Tashkent on the role of capital markets in accelerating Uzbekistan’s economic development. He highlighted how properly functioning capital markets can bolster private sector financing, help to deliver new infrastructure, and act as a buffer against economic shocks.
On 14 November 2019, in the Senate of the Oliy Majlis of the Republic of Uzbekistan, a meeting was held between the First Deputy Chairman of the Senate of the Oliy Majlis Sodik Safoev and a delegation composed of representatives of the Securities and Exchange Commissions and the United States Commodity Futures Trading.
The Presidential resolution “On Measures to Further Improve the Efficiency of Commodity Exchanges and Further Improvement of Exchange Trading Mechanisms” was adopted on 8 October 2019.