The key facts
- 100% of Xalq Sug'urta shares (80 billion soums) transferred to the State Assets Management Agency for privatization — decision of the People's Bank supervisory board dated September 21
- The company is included in the presidential decree of August 28 on the privatization of assets of 62 enterprises in 2026–2027
- In January–June, Xalq Sug'urta received 30.12 billion soums in income, including 15.42 billion soums in net profit
The People's Bank insurer transferred for privatization
The state stake in the insurance company Xalq Sug'urta, which is a 100% subsidiary of the People's Bank, has been transferred to the State Assets Management Agency (SAMA) for subsequent privatization. The bank's supervisory board made the corresponding decision on September 21, according to data from the Unified Corporate Information Portal (reported by Spot.uz). The Agency received 80 million shares with a nominal value of 1,000 soums each; the total nominal value of the stake is 80 billion soums.
The company included in the privatization plan
Xalq Sug'urta was included in the list of assets subject to privatization by a presidential decree of August 28. According to the document, in 2026–2027 state share packages and stakes in 62 enterprises, including this insurance company, are planned to be put up for public auction.
Financial indicators
According to Bankers.uz, as of July 1, Xalq Sug'urta's assets amounted to 278.54 billion soums, and its charter capital was 80 billion soums. In January–June, the company received income of 30.12 billion soums, including 15.42 billion soums in net profit.
About the company and the bank's structure
According to the Unified State Register of Enterprises and Organizations, Xalq Sug'urta was registered in May 2011. The company, with a charter fund of 80 billion soums, is engaged in 'insurance, except life insurance'; its founders are listed as 'shareholders (100%)', and its head is Mamasoliev Sobir Kurdashevich. After the transfer of the insurer to the State Assets Management Agency, the People's Bank was left with five subsidiaries with a stake of at least 10%: Xalq Lizing, Xalq Faktoring, Xalq mikromoliya tashkiloti, United Venchures and Perfect capital investment. Earlier, Spot reported that the State Assets Management Agency put up for auction a 99.9% state stake in the company Namangan Agro Logistics.
