ID :
705245
Tue, 09/23/2025 - 11:44
Auther :
KABAR
Shortlink :
https://www.oananews.org//node/705245
The shortlink copeid

Kyrgyz State Property exceeds revenue plan

Bishkek, Sept 23, 2025. /Kabar/. The State Property Management Agency reported a significant overfulfillment of its revenue plan for January–August 2025.

The approved revenue plan for 2025 was 15.48 billion soms, including:

rent – ​​200 million soms;

dividends – 15.28 billion soms.

Actual revenue for the eight months amounted to 36.12 billion soms, 233% higher than planned. The revenue breakdown was as follows:

  • dividends – 26.59 billion soms;

  • privatization – 9.17 billion soms;

  • state property lease – 177.3 million soms;

  • other sources – 191.5 million soms.

State Agency is a shareholder in 21 joint-stock companies across various industries, and works with 61 state-owned enterprises. During the reporting period, 816 lease agreements were concluded, with the total area of ​​leased state-owned facilities and land plots amounting to 62,200 square meters.

Organizational procedures have been completed for the launch of the National Investment Fund (NIF), a new development institution preparing the state-owned corporate sector for entry into the international capital market, including an IPO. The fund's authorized capital has been increased by 1 billion soms.

The authorized capital of Kyrgyzaltyn OJSC, Airports of Kyrgyzstan OJSC, Kyrgyzneftegaz OJSC, and state-owned banks has been increased by a total of 20 billion soms.

Eldik Bank OJSC has received an upgrade from its Fitch Ratings credit rating to B (outlook stable) from B-, while S&P Global Ratings has assigned Aiyl Bank a B+/B rating with a stable outlook.

Kyrgyzkomur State Enterprise has been transformed into a public joint-stock company, retaining 100% state ownership. The Customs Infrastructure State Enterprise has been similarly transformed.

Kyrgyz Oil Company, a single supplier of fuel and lubricants for large state-owned companies, has been established, which will reduce procurement prices through direct purchases from refineries.

226 facilities for various purposes have been voluntarily transferred to state ownership, 61 of which have been sold for a total of 9.77 billion soms.

State Agency notes that the focus on strengthening state-owned companies and improving asset management efficiency will continue.

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