According to the changes, in subparagraph 1 of paragraph 2 of the decree dated June 20, 2024, No. 325, the amount of funds for increasing the authorized capital of GSO has been changed: the sum of 1.15 billion soms is now 2.65 billion soms. At the same time, one of the paragraphs of the subparagraph has become invalid.
These changes are aimed at the effective use of budgetary funds and the redistribution of expenses of the current republican budget, as stated in the document.
Earlier, decree No. 325 decided to transfer the functions of the shareholder of OJSC "GSO" from the State Agency for Management of State Property to the Ministry of Finance of the Kyrgyz Republic. This document also provided for a phased recapitalization of the company:
- 300 million soms — in 2024,
- 2.5 billion soms — in 2025,
- 2.5 billion soms — in 2026,
In addition, it was stipulated that 100% of GSO's net profit until 2027 would be directed to increase the authorized capital through the dividend mechanism.
The new Cabinet decision clarifies and increases the financing parameters.
This decree will come into force 7 days after its official publication in the "Erkin Too" newspaper.
