{"id":7183,"date":"2026-11-06T00:27:24","date_gmt":"2026-11-06T00:27:24","guid":{"rendered":"https:\/\/uzbekistanobserver.com\/uz\/uzbekistan-airways-sqb-and-three-state-giants-lined-up-for-ipo-by-2028\/"},"modified":"2026-11-06T00:27:24","modified_gmt":"2026-11-06T00:27:24","slug":"uzbekistan-airways-sqb-and-three-state-giants-lined-up-for-ipo-by-2028","status":"publish","type":"post","link":"https:\/\/uzbekistanobserver.com\/uz\/uzbekistan-airways-sqb-and-three-state-giants-lined-up-for-ipo-by-2028\/","title":{"rendered":"Uzbekistan Airways, SQB va uchta davlat ulkani 2028 yilgacha IPOga tayyorlanmoqda"},"content":{"rendered":"<p>O&#039;zbekistonning beshta yirik davlat korxonasi \u2014 milliy aviakompaniya, elektr uzatish tarmog&#039;i operatori, gidroenergetika kompaniyasi, asosiy telekommunikatsiya provayderi va yirik bank \u2014 2027 va 2028 yillarda xalqaro kapital bozorlarida dastlabki ochiq aksiyadorlik taklifi (IPO) uchun tayyorlanmoqda, deb e&#039;lon qildi Iqtisodiyot va moliya vazirligi.<\/p>\n<p>Belgilangan kompaniyalar quyidagilar: Uzbekistan Airways, O&#039;zbekiston milliy elektr tarmoqlari, Uzbekhydroenergo, Uzbektelecom va O&#039;zpromstroybank (SQB). Barcha beshtasi rejalashtirilgan listinglar oldidan korporativ transformatsiyani nazorat qiluvchi O&#039;zbekiston Milliy investitsiya fondi portfelida joylashgan. Ular birgalikda aviatsiya, elektr uzatish, gidroenergetika ishlab chiqarish, telekommunikatsiya va tijorat banki sohalarini qamrab oladi \u2014 bu tarmoqlar mamlakatning infratuzilmasi va davlat xizmatlarining muhim qismini tashkil etadi.<\/p>\n<h2>Fondning o&#039;z deb\u00fcti namuna bo&#039;ldi<\/h2>\n<p>Ushbu yo&#039;nalish fondning 2026-yil 18-mayda o&#039;z qimmatli qog&#039;ozlari bozorida debyutidan keyin davom etmoqda: o&#039;sha kuni fond aksiyalarining 35,45 foizi bir vaqtning o&#039;zida London fond birjasi va Toshkent fond birjasiga joylashtirildi hamda jami 692 million dollar mablag&#039; jalb qilindi. Ushbu summaning 660 million dollardan ortig&#039;i bevosita davlat byudjetiga tushdi. Talab taklifdan ancha oshib ketdi: xalqaro buyurtmalar kitobi 2,9 milliard dollardan \u2014 taklif etilgan aksiyalar hajmidan taxminan to&#039;rt baravar ko&#039;p \u2014 oshdi, Toshkent birjasidagi takliflar esa 260 milliard so&#039;mdan ziyod bo&#039;ldi.<\/p>\n<p>Fond ushbu surondan foydalanib, investorlar bilan ishlashni chuqurlashtirdi. 14-oktabrda Toshkentda Investorlar kuni o&#039;tkazildi: unga boshqaruvdagi aktivlari yig&#039;indisi 2,5 trillion dollardan oshiq bo&#039;lgan 250 dan ortiq xorijiy investor ishtirok etdi. Vazirlik ma&#039;lumotlariga ko&#039;ra, ishtirokchilarning 40 foizi fondning mavjud aksiyadorlari, 60 foizi esa potentsial yangi investorlar bo&#039;lgan \u2014 bu sho&#039;ba korxonalar listingidan oldin aksiyadorlar bazasini kengaytirishga qaratilgan faol harakatlardan dalolat beradi.<\/p>\n<h2>Korporativ boshqaruvni isloh qilish jarayoni boshlandi<\/h2>\n<p>Ikki kun o&#039;tib, 16-oktabrda fond Toshkentda 2026-yilgi Korporativ boshqaruv kunini o&#039;tkazdi. Ishtirokchilar portfel kompaniyalari bo&#039;yicha oltita ustuvor takomillashtirish yo&#039;nalishini belgilab oldi: IFRS standartlari asosida yuqori sifatli moliyaviy hisobot tayyorlash, korporativ kalendarga rioya qilish, asosiy samaradorlik ko&#039;rsatkichlari tizimini qayta ko&#039;rib chiqish, uzoq muddatli moliyaviy modellar ishlab chiqish, asosiy korporativ funksiyalarni mustahkamlash va qiymat o&#039;sishiga yo&#039;naltirilgan strategiyalarni qabul qilish. IFRS talablariga muvofiqlik va tizimli KPIlarga urg&#039;u berilishi xalqaro institutsional investorlar rivojlanayotgan bozorlardagi listinglarga kapital kiritishdan oldin odatda talab qiladigan oshkoralik va hisobdorlik standartlarini anglatadi.<\/p>\n<p>Ketma-ketlik \u2014 avval fondning IPOsi, so&#039;ngra portfel kompaniyalarining IPOlari \u2014 ona tashkilot alohida aktivlar mustaqil ravishda bozorga chiqarilishidan oldin o&#039;z faoliyat tarixi va investorlar orasida taniqlilikni shakllantiruvchi modelni eslatadi. 2027\u20132028-yillarga mo&#039;ljallangan jadval bajarilishi esa besh kompaniyaning har birining hozir amalga oshirilayotgan boshqaruv va moliyaviy hisobot islohotlarini qanchalik tez yakunlay olishiga bog&#039;liq bo&#039;ladi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uzbekistan Airways, Uzbekhydroenergo, Milliy elektr tarmoqlari, Uzbektelecom va SQB bank \u2014 barchasi 2027\u20132028 yillarda fond birjasiga chiqarilishga tayyorlanmoqda. Bu jarayon 2026 yil may oyida o&#8217;z IPOsida 692 million dollar jalb qilgan Milliy investitsiya fondi orqali amalga oshiriladi.<\/p>\n","protected":false},"author":5,"featured_media":7184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[389,843,844,617,845,295],"ucw_region":[],"ucw_sector":[],"ucw_issue":[],"ucw_institution":[],"ucw_case_status":[],"ehb_region":[],"uov_series":[],"class_list":["post-7183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-state-assets","tag-ipo","tag-capital-markets","tag-national-investment-fund","tag-sqb","tag-uzbekistan-airways","tag-privatisation"],"_links":{"self":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/posts\/7183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/comments?post=7183"}],"version-history":[{"count":0,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/posts\/7183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/media\/7184"}],"wp:attachment":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/media?parent=7183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/categories?post=7183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/tags?post=7183"},{"taxonomy":"ucw_region","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_region?post=7183"},{"taxonomy":"ucw_sector","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_sector?post=7183"},{"taxonomy":"ucw_issue","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_issue?post=7183"},{"taxonomy":"ucw_institution","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_institution?post=7183"},{"taxonomy":"ucw_case_status","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_case_status?post=7183"},{"taxonomy":"ehb_region","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ehb_region?post=7183"},{"taxonomy":"uov_series","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/uov_series?post=7183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}