State Asset Management Agency (SAMA)

TASKS AND PRIORITIES OF THE AGENCY The most important task of the Agency is: a) State Asset Management Agencies: maintaining a unified state policy on the effective management of state assets; the exercise of the right of a shareholder (founder and participant) on the state-owned blocks of shares transferred to him in the authorized capital of enterprises with state participation; introduction of modern methods and forms of corporate governance in enterprises with state participation based on international best practice, a radical increase in the role of shareholders and supervisory boards in their management; assistance, including on the basis of recommendations of international financial institutions, the gradual transformation of enterprises with state participation into effective enterprises that can compete in the domestic and foreign markets; coordinating the development and approval of strategies for the development of enterprises with state participation aimed at ensuring the efficiency and transparency of their activities, optimizing the management structure, high profitability and capitalization growth, withdrawal of non-core and unused assets; carrying out investment activities ensuring the interests of the state, including by transferring state shares (shares) to trust management; organizing a set of measures to attract investment, including foreign direct, and also portfolio investment by issuing and selling bonds and shares of enterprises with state participation, including placing IPO / SPO issues on domestic and foreign stock exchanges; ensuring an open and transparent mechanism for the implementation (privatization) and leasing of state assets, monitoring the implementation of investment and social commitments by investors, as well as participation in the development of proposals for public-private partnerships; determination on the basis of the analysis of inactive, low-profitable and unprofitable enterprises with state participation, the development and participation in the implementation of programs of their financial rehabilitation and improvement of the efficiency of activities; implementation of state policy on bankruptcy cases; conducting jointly with the Ministry of Finance of the Republic of Uzbekistan an effective dividend policy in enterprises with state participation; ensuring state regulation of valuation activities, approval of property valuation standards, as well as certification of realtors;  Determine the main directions of state policy: in the field of state assets management, financial recovery of economically insolvent enterprises with state participation: development of market mechanisms for the management of the state share in the authorized capital of enterprises with state participation; introduction in enterprises with state participation of modern methods of corporate governance, increasing the responsibility of their governing bodies for the effectiveness of the activities of these enterprises; organization of effective work with foreign and international institutions and companies for the implementation of effective mechanisms for pre-privatization training of enterprises with state participation, including the increase of their attractiveness and efficiency of their management; gradual reduction of the state share in the authorized capital of enterprises with state participation, ensuring effective and transparent privatization; development and participation in the implementation of financial rehabilitation programs for economically insolvent enterprises with state participation, increasing the efficiency of their activities;
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Company Offices

  • Uzbekistan (headquarters)
  • Tashkent
  • Amir Temur Avenue, 6