Asia Steel announces dividend payments, highlighting national industry growth

OAO "Asia Steel" has announced dividend payments to holders of its preferred shares, signaling the company's robust financial health and its commitment to investors. This move comes even as the metallurgical plant continues to invest heavily in its development and modernization.

The company's initial public offering (IPO) in late 2025 introduced preferred shares with a low entry threshold of 8,000 Kyrgyz soms and an annual yield of up to 19%. Shareholders can receive dividends quarterly, and the investment process is streamlined through the Namba One application, allowing real-time tracking of investments and accruals. This accessibility aims to open the stock market to a broader range of citizens, including those with smaller capital.

Murat Tynystanov, General Director of OAO "Asia Steel," emphasized that the enterprise is a wholly national project, owned by the citizens of Kyrgyzstan. He highlighted the company's significant contribution to the national economy through job creation and tax contributions. "Going public was not only a source of financing but also an opportunity to involve the population in the development of our national industry," Tynystanov stated. "It is a transparent mechanism for investing funds and receiving dividends. Today, we are undertaking a large-scale modernization of the enterprise and have already reached a level of development that allows us to pay dividends without compromising future growth."

“

Going public was not only a source of financing but also an opportunity to involve the population in the development of our national industry. It is a transparent mechanism for investing funds and receiving dividends. Today, we are undertaking a large-scale modernization of the enterprise and have already reached a level of development that allows us to pay dividends without compromising future growth.

The first phase of modernization included installing additional steelmaking furnaces, upgrading gas cleaning systems, and acquiring new equipment for scrap metal processing, with machinery sourced from China and Italy. The company is also expanding its quality control laboratory, boasting unique equipment in Kyrgyzstan for comprehensive rebar testing. "In the last period, we have more than doubled our production indicators," Tynystanov added. "If last year the enterprise's capacity was about 2.5 thousand tons of products per month, now this figure has reached 6 thousand tons monthly, and production volumes will continue to grow. The strategic goal is to create a full-cycle metallurgical enterprise in Kyrgyzstan that will supply the domestic market with quality products, partially replacing imports, and in the future, will move into exports."

The total volume of preferred shares issued amounts to 408,665, valued at 1 billion 626 million 660 thousand soms, according to Daurkhan Oishiyev, Project Manager at the Envoys Vision Digital Exchange.

“

In the last period, we have more than doubled our production indicators. If last year the enterprise's capacity was about 2.5 thousand tons of products per month, now this figure has reached 6 thousand tons monthly, and production volumes will continue to grow. The strategic goal is to create a full-cycle metallurgical enterprise in Kyrgyzstan that will supply the domestic market with quality products, partially replacing imports, and in the future, will move into exports.