TASHKENT: Uzbekistan has unveiled a major privatization plan, aiming to sell off state-owned enterprises including Silk Avia airline and the Humo payment system, local media reported on Saturday. A presidential decree titled “On additional measures to reduce the state’s participation in the economy” outlines the plan, as reported by local media.
The initiative also involves the establishment of a corporate secretariat in large state-owned enterprises to enhance corporate governance. This includes updated corporate governance rules and ethics codes, along with the implementation of electronic voting for supervisory board protocols.
As part of the privatization plan, 100 percent of state shares in Silk Avia airline, the Humo payment system, and Khumson sanatorium will be put up for public sale. Additionally, an IPO and SPO of state shares in twelve large enterprises will be conducted on the local stock market.
