Tashkent, Uzbekistan (UzDaily.com) -- Today, on 16 April, in order to present the practical results of the work carried out by SQB Securities under Uzpromstroybank to support business entities, as well as informing the public about the company’s activities, a press tour was organized to the production facilities of the city of Tashkent.

In his Address to the Oliy Majlis on 29 December 2020, the President of Uzbekistan, stressing that economic growth will be achieved primarily through the creation of competitive production chains and increased investment in such projects, noted that when implementing investment policy, it is necessary to reduce the participation of the state and increase the share private and direct investment.

Today the investment company "SQB Securities", introducing various innovative solutions, products and services in the capital market, helps large industrial enterprises, small businesses and private entrepreneurship to enter the international financial markets.

The company, as an investment intermediary, consultant, as well as a reliable investment asset manager, strengthens partnerships in the investment and banking sector with both local and international financial institutions.

This, in turn, serves to ensure strategic interaction for domestic manufacturing enterprises on a global cooperation platform in the implementation of credit lines, consultations, asset management, investment agreements and other operations.

One of the largest manufacturers of pharmaceutical products in the country, Nika Pharm LLC, with the support of SQB Securities, is currently one of the companies with such opportunities.

Through the efforts of the investment company, the company attracted a loan from the Asian Development Bank (ADB) in the amount of US$3 million.

These funds financed a project of the enterprise to expand the production of about 20 types of drugs used in the treatment of Covid19.

In addition, the company successfully passed ADB verification and became its client, which not only allowed it to use the available credit line, but also attracted the attention of other reputable international financial institutions, paving the way for further direct investments in global capital markets.

It should be noted that the investment company "SQB Securities", also attracting funds from international financial institutions such as the European Bank for Reconstruction and Development (EBRD), Islamic Development Bank (IDB) and funds in the form of loans, credits or shares, provides comprehensive assistance to increase financial potential of enterprises.

In particular, in 2020, the company, together with the EBRD, provided consulting services for small and medium-sized businesses in Khorezm region and the Republic of Karakalpakstan based on special programs for the correct and effective use of financial instruments.

This year, a Memorandum of Cooperation on the introduction and development of Islamic finance in Uzbekistan was signed with the Islamic Corporation for the Development of the Private Sector, which is part of the IDB group, and negotiations are being held with private sector enterprises.

The investment company "SQB Securities", created under the JSCB "Uzpromstroybank", has a license from the Agency for the Development of the Capital Market of the Republic of Uzbekistan for the promotion and sale of shares and bonds sold on the Tashkent Stock Exchange.

The company, which began operations in March 2020, also provides services such as investment banking, organization of syndicated lending for investment projects, implementation, modernization and support of corporate governance, trust management of investment assets, project financing and organization of joint financing.