Microfinance Lender OXUS to Boost Capital in Share Issue Backed by ACTED

Microfinance company Oksus intends to increase its authorized capital following approval by shareholders at an extraordinary meeting on December 1. The decisions were supported unanimously, with 100% of the votes cast in favor.

The company approved the parameters of the 13th issue of shares, which will be placed in favor of ACTED, an international French NGO that owns a controlling stake of 52.3%. The second largest shareholder is OXUS Holding (Luxembourg) with a 47.6% stake.

The shareholders' meeting also approved the updated version of the charter, the distribution of new shares among shareholders, and the appointment of an independent registrar as the counting commission.

The capital increase will strengthen the company's position in the microfinance segment.