Why is this important
Half of TDC’s net profit is allocated to dividend payments, which can be a signal of the company’s stable financial position. The decrease in the authorized capital may be related to the adjustment of previously inflated asset valuations. The decisions demonstrate the active participation of the state in managing the financial flows of key assets.
What happened
On September 16, 2025, the State Assets Management Agency, as the sole shareholder of “Trade Development Company” JSC, decided to distribute the company’s net profit for 2024 in the amount of 49.12 billion soums.
- 24.56 billion soums were allocated for dividend payments (18.27 soums per share);
- 24.30 billion soums — to the reserve fund;
- 245.59 million soums — to the innovation support fund.
It was also decided to reduce the company’s authorized capital by 12 billion soums to 1.33 trillion soums. The reason is the “emergence of a discrepancy in the formation of the Company’s authorized capital”.
Context
The company is managed by Davron Vahabov (Chairman of the Chamber of Commerce and Industry) on the basis of a power of attorney issued on behalf of the state on December 2, 2024. CRT is a state structure that oversees the implementation of large trade projects and logistics initiatives in Uzbekistan. Previously, the company actively participated in the creation of a network of trade and logistics centers and export platforms.
