On April 16 this year, a press tour was organized to the production facilities of the city of Tashkent to present the practical results of the work carried out by SQB Securities under Uzbek Industrial and Construction Bank to support business entities, as well as inform the public about the company’s activities.

The company, as an investment intermediary, consultant, as well as a reliable investment asset manager, strengthens partnerships in the investment and banking sector with both local and international financial institutions.

This, in turn, serves to ensure strategic interaction for domestic manufacturing enterprises on a global cooperation platform in the implementation of credit lines, consultations, asset management, investment agreements and other operations.

One of the largest manufacturers of pharmaceutical products in the country, Nika Pharm LLC, with the support of SQB Securities, is currently one of the companies with such opportunities.

Through the efforts of the investment company, the company attracted a loan from the Asian Development Bank (ADB) for $3 million.

The company has also successfully passed ADB verification and became its client, which not only allowed it to use the available credit line, but also attracted the attention of other international financial institutions, paving the way for further direct investments in global capital markets.

It should be noted that SQB Securities, also attracting funds from international financial institutions such as the EBRD, IDB and funds in the form of loans, credits, or shares, provides comprehensive assistance to increase the financial potential of enterprises.

In 2020, the company, together with the EBRD, provided consulting services for small and medium-sized businesses in Khorezm region and the Republic of Karakalpakstan based on special programs for the correct and effective use of financial instruments.

This year, a Memorandum of Cooperation on the introduction and development of Islamic finance in Uzbekistan was signed with the Islamic Corporation for the Development of the Private Sector, which is part of the IDB Group. Negotiations are being held with private sector enterprises.

UzA