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Legal status of the Agency

The State Assets Management Agency of the Republic of Uzbekistan (hereinafter - State Assets Management Agency) was established by the Decree of the President of the Republic of Uzbekistan dated 14.01.2019 DP-5630) "On measures to radically improve the system of state asset management, antimonopoly regulation and capital market.

The State Assets Management Agency of the Republic of Uzbekistan is a government administrative body, whose main activities are the conduct of a unified state policy for the effective management of state assets;

Exercising the rights of the shareholder (founder and participant) on the state-owned blocks of shares (stakes) in the authorized capital of enterprises with state participation;

Introduction of modern methods and forms of corporate governance in enterprises with state participation based on best international practices, radically increasing the role of shareholders and supervisory boards in their management;

assisting, including on the basis of recommendations from international financial institutions, the gradual transformation of enterprises with state participation into efficient enterprises capable of competing in domestic and foreign markets;

Coordination of the development and approval of development strategies for enterprises with state participation, aimed at ensuring the efficiency and transparency of their activities, optimization of the management structure, high profitability and capitalization growth, withdrawal of non-core and unused assets;

implementation of investment activities with ensuring the interests of the state, including through the transfer of state shares (stakes) in trust management;

organization of a set of measures to attract investment, including foreign direct investment, as well as portfolio investment through the issue and sale of bonds and shares of enterprises with state participation, including IPO/SPO issuance on domestic and foreign stock exchanges;

Ensuring an open and transparent mechanism for the sale (privatization) and lease of state assets, monitoring the fulfillment of investment and social obligations by investors, as well as participation in the development of proposals for public-private partnerships;

identification, on the basis of the analysis of idle, low-profit and unprofitable enterprises with state participation, development and participation in realization of programs of their financial rehabilitation and increase of their efficiency

implementation of the state policy on insolvency cases;

conducting, together with the Ministry of Finance of the Republic of Uzbekistan, an effective dividend policy in enterprises with state participation;

ensuring state regulation of valuation activities, approval of property valuation standards, as well as certification of realtors;

The State Assets Management Agency in its activities is accountable to the President of the Republic of Uzbekistan and the Prime Minister of the Republic of Uzbekistan.

The State Assets Management Agency is guided in its activities:

-The Constitution and Laws of the Republic of Uzbekistan,

-Decrees and orders of the President of the Republic of Uzbekistan,

-Decisions of the Oliy Majlis of the Republic of Uzbekistan,

-Resolutions and orders of the Cabinet of Ministers of the Republic of Uzbekistan,

-Provision on the State Assets Management Agency

The State Assets Management Agency carries out its activity directly, as well as through its territorial bodies in cooperation with the state bodies, self-governing bodies of citizens, non-profit and other organizations.

Decisions of the Agency, taken within its authority, are binding on ministries, departments, local executive authorities, business entities, officials and citizens.

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