According to the new version, the co-founder of OJSC "Abu Dhabi Kyrgyz Investment" will be OJSC "National Investment Fund of the Kyrgyz Republic," replacing the direct participation of the Cabinet of Ministers.
The capital structure remains equal:
- 50% of the shares belong to the National Investment Fund of the KR, while the other 50% belong to the Abu Dhabi Development Fund.
The authorized capital of the company is set at 5 million US dollars, which will be equivalent to this amount in the national currency at the exchange rate of the National Bank of the KR. The capital will be divided into 1000 ordinary registered shares, each with a nominal value of 5 thousand US dollars.
It was previously reported that the Kyrgyz side would contribute 2.5 million dollars to the authorized capital, while the Arab side would also contribute 2.5 million dollars.
The Ministry of Economy and Commerce of the KR has been tasked with transferring the functions of exercising the powers of the Cabinet of Ministers as a co-founder and shareholder to the National Investment Fund, as well as ensuring the implementation of this resolution together with the fund.
This document is aimed at improving the model of institutional investment attraction and will come into force seven days after its official publication.
Historical context
OJSC "Abu Dhabi Kyrgyz Investment" is being established in partnership with the Abu Dhabi Development Fund and is intended for the implementation of investment projects in Kyrgyzstan.
At the World Government Summit in Dubai (UAE), the Chairman of the Cabinet of Ministers Adylbek Kasymaliev met with the General Director of the Abu Dhabi Development Fund Muhammad Al-Suwaidi.
Information for reference
According to the Ministry of Justice of the KR, the head of OJSC "National Investment Fund of the Kyrgyz Republic" is Temirbekov Uran Temirbekovich, who is also the founder of GAUGI.
OJSC "Abu Dhabi Kyrgyz Investment" is led by Isanov Almaz Nasirdinovich, whose founders are the Abu Dhabi Development Fund and the Ministry of Finance (as of February 29, 2024).
