of September 19, 2025 No. PP-289
About measures for further enhancement of activities of the National investment fund of the Republic of Uzbekistan
For the purpose of thorough training to initial public offering of the National investment fund of the Republic of Uzbekistan on local and the international stock exchanges by further enhancement of its activities and increase in investment appeal I decide:
1. Agree with offers of the Ministry of Economics and finance, Agencies on management of the state assets about transfer:
(a) belonging to the National investment fund of the Republic of Uzbekistan (further - Fund):
(i) shares of JSC Uzbekistan Airports, JSB Bank razvitiya businessa and JSB Mikrocreditbank - to the Ministry of Economics and finance due to reduction of the state share in the authorized capital of Fund;
(ii) shares of JSC Uzbekiston pochtasi - to Agency on management of the state assets due to reduction of the state share in the authorized capital of Fund;
(b) 30 percent share fraction of JSB Uzpromstroybank belonging to Fund of reconstruction and developments - to the Ministry of Economics and finance for the subsequent transfer to Fund;
(c) additional 20 percent share fraction of JSC Uzbekgidroenergo, 10 percent share fraction of JSC Uzbekinvest and 15 percent share fraction of JSC Temiryulinfratuzilma - To fund.
2. Provide in two weeks transfer to the Ministry of Economics and finance:
(a) Fund of reconstruction and development (Sh. Vafayev) - 30 percent share fraction of JSB Uzpromstroybank belonging to Fund of reconstruction and developments;
(b) Agency on management of the state assets (A. Ortikov) - 10 percent share fraction of JSC Uzbekinvest;
(c) JSC Uzbekiston temir yullari (Z. Narzullayev) - 15 percent share fraction of JSC Temiryulinfratuzilma due to reduction of the state share in the authorized capital.
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