Uzum Bank to Increase Capital by 370 Billion Soums Through Share Issue

Tashkent, Uzbekistan (UzDaily.com) — On 16 February, the Supervisory Board of Uzum Bank approved a decision to issue additional ordinary shares totaling 370 billion soums.

The total volume of the additional issue will consist of 370 million ordinary registered shares with a nominal value of 1,000 soums each.

The shares will be placed through a private subscription with UB Assets Holding, without the involvement of underwriters and exclusively on the over-the-counter (OTC) securities market.

The placement period is set at 365 days from the date of state registration of the issuance decision.