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Finance 10/07/2013 Kafolat to increase charter capital up to 9.572bn soums
Kafolat to increase charter capital up to 9.572bn soums
Tashkent, Uzbekistan (UzDaily.com) -- State joint stock insurance company Kafolat will increase its charter capital due to capitalization of net income for 2012 and undistributed income of previous years.

Net income of Kafolat made up 1.5 billion soums in 2012 and undistributed income of previous years – 67.374 million soums.

According to the company, shareholders directed 1.305 billion soums of net income for 2012 and 67.374 million soums of undistributed income of previous years to increase charter capital.

The charter capital will grow due to increase of par value of shares from 1,225 soums to 1,430 soums. The charter capital will grow by 1.372 billion soums to 9.572 billion soums.

The shareholders also issued 193.805 million soums to formation of reserve fund and 1.531 million soums to payment of dividends per preferential stocks.

The size of the dividend per preferential share makes up 306.25 soums or 25% to nominal value. Total number of shares, on which dividends are paid, makes up 5,000 units.

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