The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered the prospectus of emissions of Universal Sug’urta.

Within the emission, Universal Sug’urta will issue 1,000 ordinary shares. The par value of shares is 731,533.57 soums each. Total volume of the emission makes up 731,533,570 soums.

The shares will be placed on closed subscription. In particular, Turon Bank will purchase 527 shares, Orient Capital Management – 168 shares, Manhold Commercial Limited – 169 shares and Universalbank – 132 shares.

The company said that the shares of the emission will be placed on market value, but not less than their nominal value.

Universal Sug’urta is non-state insurance company, which has been operating in Uzbekistan since 1994. The company was founded on 24 May 1994 and it was named Metro.

In 2003, Swiss investors became founders of the company and it was renamed to joint Uzbek-Swiss insurance company Universal Sug’urta. In 2007, Swiss companies exit the company and new companies became founders of the company.

Universal Sug’urta works in insurance market in line with license of Finance Ministry from 8 April 2008 in general voluntary and mandatory insurance. Universal Sug’urta carries out activity on 13 classes of voluntary and mandatory insurance.