Acquisition of additional shares in "Temiryo'l-Sug'urta" JSC

Uzbekistan’s insurance industry is one of the upward growth sectors experiencing positive economic trend. This upward growth of the industry can be attributed to growing household incomes and rising awareness in the industry.

Although insurance market of Uzbekistan is still in its early stages, we are confident about the strong potential of TYS to grow exponentially, hence on January 2022, UOIC acquired additional stake at the company, reaching its exposure to 61%.

TYS management is committed to enhance performance of the company and generate value to shareholders’ through implementing robust corporate governance, international reporting standards, and other operational optimization activities.