To-date, Tajikistan’s savings bank has bought Sangtuda shares totaling more than 1 million somoni

Asia-Plus

In a report released at a news conference in Dushanbe, Sirojiddin Ilromi, the head of Open Joint-Stock Company (OJSC) Amonatbonk (Tajikistan’s savings bank), revealed on July 23 that Amonatbonk has bought about 11,000 shares of the liquidated OJSC “Sangtuda” from the population and organizations totaling 1.036 million somoni over the past two months.  

According to him, the government has allocated more than 10 million somoni for buying Sangtuda shares form the population and organizations.   

Recall, the process of buying the Sangtuda shares from the population and legal entities began on May 13 and will last through December 31, 2021 and Amonatbonk buys the shares at par value – 10.00 U.S. dollars.

The bank buys the shares in the national currency, the somoni, at the rate on the day of appeal.  For selling their shares, shareholders may apply to the nearest branch of Amonatbonk.  

The State Committee on Investments and Management of State-owned Property (GosKomInvest) and Directorate for the Cascade of HPSs on the Vakhsh River founded the OJSC “Sangtuda” in 1996 and the first emission of shares for Sangtuda HPP was carried out that year.

The face value of one share was equivalent to $10.00.  The shares were distributed among legal and physical entities.  Money received from realization of the securities has been deposited on a special bank account in Amonatbonk.

 

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