Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan's Xalq Sug’urta insurance company has been transferred to the management of the State Assets Management Agency (SAMA) as part of preparations for its privatisation.
The transfer of shares was approved by the supervisory board of People's Bank of Uzbekistan on 21 September, according to information published on the Unified Portal of Corporate Information.
The agency received 80 million shares with a nominal value of 1,000 soums each, bringing the total nominal value of the transferred stake to 80 billion soums.
The planned sale of Xalq Sug’urta was outlined in a presidential decree dated 28 August. The document provides for state-owned shareholdings and stakes in 62 enterprises to be offered for public sale in 2026–2027.
As of 1 July 2026, Xalq Sug’urta had assets of 278.54 billion soums and registered capital of 80 billion soums. The company generated revenue of 30.12 billion soums in the first six months of 2026, including net profit of 15.42 billion soums.
Xalq Sug’urta was registered in May 2011 and operates in the non-life insurance segment. The company's head is Sobir Kurdashevich Mamasoliev.
Following the transfer of the insurer to SAMA's management, People's Bank retained stakes of at least 10% in five subsidiaries: Xalq Lizing, Xalq Faktoring, Xalq mikromoliya tashkiloti, United Venchures and Perfect capital investment.
