Uzbekinvest, an export-import insurance company, is set to initiate an Initial Public Offering (IPO) to secure up to 21 billion UZS within the Uzbekistan market. The company will be accepting applications until December 15, planning to divest 5% of its share capital through the issuance of 14,110,820 preference shares. The share prices will range between 1,000 and 1,500 UZS per share. Uzbekinvest commits to distributing dividends tied to the Central Bank rate plus 10%, starting from the current 24% per annum. The funds generated from the IPO will be allocated for capital expenditures and expanding its presence in the global market, with a specific emphasis on enhancing infrastructure and technological solutions.