On May 3, 2025, the National Association of Investment Institutions of the Republic of Uzbekistan (NAII) held a solemn award ceremony for investment intermediaries, as well as individuals and legal entities who contributed to the development of the securities market based on the results of 2024.

As a result of the competition, the JSC "Uzbek Commodity Exchange" (UZEX) won the nomination for "Best Corporate Governance" in 2024.

In 2024, in accordance with the Presidential Decree of the Republic of Uzbekistan "On Additional Measures to Reduce State Participation in the Economy" dated April 19, 2024, No. PD-162, within the framework of the "People's IPO" program, 4.44% of the state share in the charter capital of JSC "UZEX" was sold.

According to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan "On Measures for the Wide Introduction of Advanced Information Technologies in Exchange Trading and the Consistent Continuation of Digitalization Processes in the Sector" dated September 12, 2024, No. 570, licensing requirements for the activities of commodity exchanges were established.

In particular, clause 2 of this resolution specifies that, to guarantee the protection of the funds of economic entities participating in exchange trading from financial risks, from November 1, 2024, the minimum charter capital for commodity exchanges was set at 100 billion sums, and from July 1, 2025 – 200 billion sums.

Accordingly, in November 2024, JSC "UZEX" increased its charter capital by issuing additional shares. The charter capital of JSC "UZEX" reached 236,119,023,000 sums and is divided into 374,792,100 ordinary shares with a nominal value of 630 sums each. As a result, each shareholder received 4 additional shares for every one previously owned.

The exchange's effective corporate governance ensures a balance between managers and shareholders, optimizes business processes, enhances transparency, and contributes to the stable and sustainable development of the company.

In addition to the main exchange-trading platform, the exchange operates 5 e-commerce trading systems.

The structure of the exchange includes 13 regional branches and over 275 trading platforms located in every region of the Republic of Uzbekistan, as well as 50 international trading platforms operating in various countries around the world. The total number of exchange clients exceeds 500,000 trading participants.

Thanks to its high profitability and consistent growth in dividend payouts, the shares of the Uzbek Republican Commodity Exchange are in high demand on the stock market.

In particular, the market value of the Uzbek Republican Commodity Exchange shares on the Republican Stock Exchange "Toshkent" exceeds their nominal value by more than 5,6 times. Moreover, the company annually allocates more than 85% of its net profit to shareholders, and following the "People's IPO", the number of minority shareholders has exceeded 12,500.

Source: DEPARTMENT OF MASS COMMUNICATIONS AND FOREIGN ECONOMIC ACTIVITY