Saida Mirziyoyeva announced that Uzbekistan has, for the first time in its history, brought national assets to the international public capital market. The IPO of UzNIF was simultaneously launched on the London and Tashkent stock exchanges in cooperation with Franklin Templeton.

“Thanks to systematic and consistent reforms, our economy has grown threefold, the efficiency of state institutions has increased, and guarantees for investors have been strengthened. As a result, Uzbekistan has become a more open and reliable partner for the global capital market,” Mirziyoyeva noted.

She emphasized that the participation of major international investors, including BlackRock, Franklin Templeton, and Redwheel, demonstrates the high level of trust the global financial community has in Uzbekistan’s economic course and its long-term potential.

Earlier reports indicated that the UzNIF IPO attracted strong interest from international investors. Demand for the fund’s shares exceeded the offering size by more than four times, with total orders approaching $3 billion.

The National Investment Fund of Uzbekistan was established to consolidate stakes in large state-owned enterprises and attract international capital to the country’s economy.

Source: kun.uz