Why is this important
Это крупнейший шаг Узбекистана к приватизации и открытию экономики. UzNIF станет механизмом подготовки госпредприятий к IPO и привлечению международных инвесторов, что повысит прозрачность и ликвидность на фондовом рынке.
What happened
- Franklin Templeton has been officially appointed Trustee of UzNIF;
- State-owned companies with a total value of $1.7 billion were transferred to the fund;
- UzNIF prepares a double listing: on the Tashkent Exchange and foreign platform — in the first half of 2026;
- The fund’s portfolio includes shares in 18 companies in strategic sectors: finance, energy, infrastructure;
- Under the management of FT — reorganization and bringing assets to market through IPO/SPO.
What they say
This will give us access to global capital and increase investor confidence, — the head of UzNIF noted in an interview with IntelliNews.
Context
UzNIF was established by presidential decree in 2024. This is part of the privatization strategy supported by the IMF, IFC, EBRD, and ADB. Uzbekistan plans to privatize key banks and state-owned enterprises by the end of 2026.
