On November 28, 2024, at an extraordinary meeting of shareholders of State Mortgage Company OJSC, it was decided to increase the authorized capital of the company by 5 billion 280 million KGS. This is reported by the Kyrgyz Stock Exchange.

Capital increase will be carried out by registration and placement of a new issue of 52 thousand 800 shares with a nominal value of 100 thousand soms each. The shares will be placed by closed method in favor of the sole shareholder - the Department of Affairs of the President of the Kyrgyz Republic.

The term of placement of shares will be six months from the moment of registration of the issue in the authorized state body. Payment for the shares will be made in cash and tangible assets. This decision is aimed at strengthening the financial base of the company and further development of the mortgage market of Kyrgyzstan.