A new wave of listings: Tashkent prepares companies for global markets
Uzbekistan’s investment fund (UzNIF) is preparing major companies in telecoms, aviation, banking and energy for potential listings. Uztelecom is currently the most advanced candidate as governance reforms advance and efforts to attract new capital gather pace.
Uzbekistan is gearing up to bring some of its major state-owned enterprises to global markets, with the national telecommunications company, Uztelecom, leading the way for an international listing. The move aims to attract more private and foreign capital, while making the companies more transparent and accountable to public investors.
This initiative is being spearheaded by the National Investment Fund of Uzbekistan (UzNIF), managed by investment firm Franklin Templeton. Uztelecom has already been listed on the Tashkent Stock Exchange, and UzNIF is considering an international listing to offer more investors the opportunity to buy shares and provide additional capital for future investments.
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