“Kyrgyzneftegaz” plans to increase the number of shares outstanding

The shareholders of “Kyrgyzneftegaz” approved an increase in the number of outstanding shares and adopted the terms of their placement. However, the number of shares to be issued and the terms of their placement have not been disclosed.

The decision was made at an extraordinary general meeting of shareholders on October 30 in Bishkek. The meeting was held in person with a quorum of 91.55%.

According to financial statements for the first half of the year, the state controlled 87.24% of Kyrgyzneftegaz’s capital. As of June 30, the State Agency for State Property Management owned 23,417,444 shares of the company.

The remainder of the capital was distributed among private shareholders, of whom 2,014 individuals collectively held 7.51%, and 18 legal entities held 5.25%. In total, the company had 2,033 shareholders.

The authorized capital as of the end of June stood at 4.972 billion KGS, unchanged since the beginning of 2026. These figures reflect the company’s status prior to the October decision.

The meeting also approved amendments to the articles of incorporation and the regulations governing the management board, the board of directors, and the internal audit department. In addition, the shareholders adjusted the company’s budget for the current year.