People's IPO in Uzbekistan: 40 State Companies Going Public

Published

19 October 2023

Read

1 min

A detailed overview of Uzbekistan's People's IPO program, launched by Presidential Decree on March 24th. The report profiles 40 state-owned enterprises — including Navoi MMC, Almalyk MMC, National Bank, and Uztelecom — offering citizens the opportunity to purchase approximately 2% of shares per company. Participating companies are required to allocate at least 30% of net profits to dividends for five years. An essential guide for retail and institutional investors looking to participate in Uzbekistan's privatization and capital market development.