Historical overview

 

Brief Summary of Zaman CJSC’s Professional Activities

Zaman CJSC has been operating in the securities market of the Kyrgyz Republic and in foreign capital markets since 1992.
Zaman CJSC is a shareholder and trader on the Stock Exchange of Kyrgyzstan – BTS, as well as, other stock exchanges of Kyrgyzstan, a shareholder of the Central Depository of Kyrgyzstan, and a member of the Association of Professional Securities Market Participants of the Kyrgyz Republic.

Memberships & Professional Activities:

1995 – present: Member of the Association of Investment Institutions of the Kyrgyz Republic (KR)
2021 – present: Member of the Association of Professional Participants on the Securities Market of the Kyrgyz Republic
1994 – present Broker and dealer on the stock market;
1996 – present Broker and trader of securities on the Kyrgyz Stock Exchange CJSC (KSE);
2001 – present Broker and trader of securities on the Stock Exchange of Kyrgyzstan – BTS;

Mandates & Assignments:

  • Asset Management:

1994 – 2003 Investment Asset Manager of Oshinvest (OJSC Investment Fund).
2007 – 2015 Asset Manager of Bereke-Invest Investment Fund OJSC;


  • Investment Banking:

Placed the securities issue of:

2002 – present Kyrgyzstan Commercial Bank OJSC, Arpa OJSC, Altyn-Suu OJSC, Oshinvest OJSC, Munaizat OJSC,
Kyrgyzstan insurance company OJSC , Ayil Bank OJSC, AmanBank OJSC, Finance Credit Bank OJSC, Guarantee
Fund OJSC, UBG Invest OJSC, and others;
2009 Dost-Kredobank OJSC in the amount of 42 million som, bond issue of Bishkek City Municipality for the
amount of 200 million som and other 11 companies for a total amount of 357, 43 million som;
2010 Amanbank OJSC for the amount of 37,0 million som, Dos-Kredobank OJSC for the amount of 28,649
million som, municipal bonds of Bishkek City Municipality for the amount of 225 million som;
2019 RSK Bank OJSC and Financial Credit Union Company OJSC;
2020 State Mortgage Company OJCC, and State Insurance Organisation OJSC;
2021 State Mortgage Company OJSC for the amount of 5.2 billion som;
2021 Ayil Bank OJSC, State Mortgage Company OJSC, RSK Bank OJSC, State Insurance Organisation OJSC.

Mergers & Acquisitions and privatisation mandates:

1994 – 1997 In the role of an asset management company, participated in all 41 coupon auctions of the State Property Fund of the KR and in 16 monetary auctions for the sale of state owned stakes of shares of privatised enterprises;
1998 – 2021 Participated in the auctions of the KR National Bank state treasury bills;
1999 Tender winner of the KR State Property Fund for selecting consulting firms privatising Kadamzhay Antimony Plant and Kyrgyz Oil & Gas JSCs;
2005 – 2011 Represented the State Property Committee of the KR selling state-owned shares in the Stock Exchange of Kyrgyzstan – BTS CJSC;
2013 Tender winner to privatise shares of Zalkar Bank OJSC among the brokerage companies;

Trade Volume Overview: 2009–2022

Zaman CJSC has maintained a consistent presence in the Kyrgyz Republic’s securities market, with dynamic performance across the years. Below is a summary of its annual activity in terms of number of deals, issuer engagement, and total trade volume.

Key Insights

  • Peak Volume: In 2021, trade volume surged to 6.37 billion som, marking the highest on record.
  • Sustained Impact: In 2022, Zaman CJSC accounted for 30.1% of the total stock market volume in the Kyrgyz Republic.
  • Issuer Engagement: The company worked with up to 127 issuers in a single year (2013), reflecting a broad market reach.
  • Deal Volume Trends: Highest number of deals was observed in 2013 (1,938 deals), followed by a gradual decline, offset by increasing deal size.

 

Awards and Ranking of Zaman CJSC in years between 2012 and 2022 by the Kyrgyz Stock Exchange (KSE) . Annual ranking on trade volumes of brokerage companies. Never worse than third in all these years.

Zaman CJSC ranked “Award Winner” by the Kyrgyz Stock Exchange (KSE) ranking

Other Awards & Accomplishments:

  • 2008 The Best Brokerage Company of 2007 honorary award received from the Association of the Investment Institutions of the KR;
  • 2017 Guest Speaker at the Astana International Financial Center Forum (IFN CIS Forum 2017) on the subject of Islamic finance;
  • 2022 By decree of the President of the Kyrgyz Republic (N°287- August 18, 2022), Zaman’s President Sultanov Abdutalip was awarded the title of “Honorary Economist of the Kyrgyz Republic” for significant contributions to the development of the socio-economic potential of the country and great achievements in professional activity.