Uzbekistan Airways and four other Uzbek companies may go public in 2027–2028

Uzbekistan plans to list shares of four large enterprises and one bank on the stock market in 2027–2028. The Ministry of Economy and Finance announced on November 5 that the companies are Uzbekistan Airways, National Electric Networks of Uzbekistan, Uzbekgidroenergo, Uzbektelecom and Uzpromstroybank (SQB). They are being prepared for placement through transformation and adaptation to the requirements of international capital markets.

The ministry also summed up the primary placement of shares of the National Investment Fund. This year, 35.45% of its shares, worth $692 million, were sold through IPOs on the London and Tashkent stock exchanges.

The ministry also highlighted work with international investors. More than 250 foreign investors attended the Investors Day event on October 14, where the combined value of participants’ investment portfolios exceeded $2.5 trillion. On October 16, Corporate Governance Day 2026 discussed six priority areas for improving corporate governance.