The National Investment Fund of Uzbekistan will be established. The president's decree on this was adopted on August 27.
The following have been designated as the main tasks of the fund:
- increasing the market value of the fund's net assets;
- placing the fund's shares on a leading foreign stock exchange;
- attracting investments to the fund's assets and participating in their privatization processes by attracting leading international institutional investors;
the fund participates in implementing corporate governance standards of the Organisation for Economic Co-operation and Development in investment assets, transitioning to international financial reporting standards, and adopting environmental, social, and governance (ESG) standards.
A list of enterprises and commercial banks whose state shares will be transferred to form the fund's charter capital has been approved.
The fund will be organized as a joint-stock company and its sole shareholder until its shares are publicly placed will be the Ministry of Economy and Finance.
The fund's net profit from investment assets by 2030 will allocate at least 50 percent of the respective year's end dividends.
