On 28 January 2026, a meeting was held at JSC “UzAssets” with representatives of Abu Dhabi Commercial Bank.

For reference: Abu Dhabi Commercial Bank (ADCB) is one of the largest banks in the United Arab Emirates, providing a wide range of corporate, investment, and diverse banking services. The Bank is actively involved in international capital market transactions, including IPO advisory and debt instrument placements, and has substantial experience working with sovereign issuers across various regions.

During the meeting, the parties exchanged status updates on a number of projects with ADCB and outlined key areas of transformation of strategic state-owned companies, including corporate governance, transition to IFRS, and matters related to credit and ESG ratings.

Particular attention was paid to the prospects for the development of the equity capital market, including preparations for upcoming IPOs of state-owned companies, as well as discussions on the strong interest demonstrated by institutional investors from the Middle East.

The parties also discussed the development of the debt capital market, including potential Eurobond issuances, and emphasized the importance of regulatory transparency and predictability as key factors for successful access to international financing.