A 123-article capital market bill has passed its first reading in Uzbekistan’s parliament, proposing derivatives, sukuk, covered bonds and a central counterparty as the country targets 10 trillion soums in new stock-market investment by 2030.
Uzbekistan Airways, Uzbekhydroenergo, National Electric Networks, Uzbektelecom and SQB bank are all being readied for stock-market listings in 2027–2028 through the National Investment Fund, which raised $692 million in its own IPO in May 2026.
