On the sidelines of the U.S.–Uzbekistan Business Forum, Sohibjon Murodov, Director of the State Assets Management Agency of the Republic of Uzbekistan, met with Edward S. Knighton, Executive Vice Chairman of the Board of Directors of Nasdaq, Inc., an international exchange operator.
 

Following the meeting, the parties agreed to establish an exchange of international experience and best practices in capital market development, improvement of privatization mechanisms, and the introduction of modern corporate governance standards.
 

Particular attention was paid to leveraging Nasdaq’s expertise to enhance companies’ investment attractiveness, expand opportunities for attracting international capital, and foster an effective corporate governance environment. The parties expressed their mutual interest in developing practical cooperation aimed at applying international approaches to the transformation of state-owned enterprises in Uzbekistan and enhancing their competitiveness.
 

The agreements reached provide a foundation for further developing cooperation between the State Assets Management Agency and Nasdaq, including the exchange of expertise and professional knowledge on modern corporate governance practices and the advancement of Uzbekistan’s domestic capital market.
 
 

Background: Nasdaq is one of the world’s leading exchange groups, providing infrastructure, technology, and advisory solutions for capital market participants. It also supports the development of corporate governance practices and promotes greater transparency in corporate operations.