The State Financial Holding has acted as guarantor for a $4.5 million food complex project

The State Financial Holding Company has entered into a $4.5 million guarantee agreement as part of a project to build a modern food production complex in Kyrgyzstan.

According to the disclosure, the guarantee agreement was signed on June 30 between the State Financial Holding Company, Saffran Natural Food CJSC, and Abank.

The transaction was based on a Cabinet of Ministers decree dated June 13.

The funds will be used to establish a modern food processing facility. The project involves the production of meat products, various sauces, and other related food products.

For the State Financial Holding, the transaction is material, as its value exceeds 10% of the company’s total assets; accordingly, the information has been disclosed in accordance with the requirements of securities market legislation.