AsianInvesterAsianInvesterAsianInvester

UzNIF targets portfolio IPOs as governance changes lift H1 assets

Uzbekistan National Fund has transformed its board and undertaken a capital reorganisation and leadership rejig across its portfolio companies.
UzNIF targets portfolio IPOs as governance changes lift H1 assets
Key Points
  • UzNIF aims to take six state-owned companies public over the next three years.
  • The fund's net asset value grew 6.1% to $2.63 billion in the first half of 2026.
  • Recent energy tariff hikes and Franklin Templeton's governance reforms will drive future growth.

The National Investment Fund of the Republic of Uzbekistan (UzNIF), which serves as the primary vehicle for international institutional capital seeking exposure to Uzbekistan’s core economic champions, is advancing plans to transition six of its flagship state-owned portfolio companies to public equity markets over the next three years, leveraging a board transformation, capital reorganisation and energy sector tariff reforms following its landmark dual listing.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.