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Finance 02/10/2014 Kafolat to raise charter capital to 26.162bn soums
Kafolat to raise charter capital to 26.162bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Kafolat, state-owned insurance company in Uzbekistan, adopted decision to increase charter capital up to 21.162 billion soums.

In line with the decision of the shareholders, insurance company will additionally place 11,601,033 ordinary shares with par value of 1,430 soums each. Total volume of the issue will make up 16.589 billion soums.

All shares will be placed on closed subscription to Ministry of Finance of Uzbekistan. The company will receive a building with total area of 7668 square meters in Tashkent as a payment for shares.

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