State Financial Holding has acted as guarantor under an agreement with a state bank and Sinzhi-Pirim LLC for the implementation of a cement plant project in the Aravan district of Osh region. The transaction, concerning the construction, modernization and capacity expansion of the cement plant, was approved by a Cabinet of Ministers resolution.
Details of the guarantee and obligations
According to Cabinet of Ministers resolution No. 435-t dated June 15, 2026, State Financial Holding assumed guarantee obligations to Eldik Bank in favor of Sinzhi-Pirim LLC. The total amount of the guarantee is $36.39 million.
Structure of the obligation guarantee
The guarantee agreement was concluded on October 27, 2026, according to the Kyrgyz Stock Exchange. The counterparty to the transaction is Sinzhi-Pirim LLC, registered in the village of Gulbakhor of the Kerme-Too ayil aimak in Aravan district.
Significance of the transaction for the holding
This transaction is classified as a one-off transaction of the issuer, since the amount of obligations equals 10% or more of the assets of State Financial Holding OJSC as of the date of the transaction.
From the document
State Financial Holding must act as guarantor for Sinzhi-Pirim LLC to Eldik Bank on obligations totaling $36.39 million.
Context
The head and founder of Sinzhi-Pirim LLC is Berdibay Primov. The cement plant project is planned in Aravan district, which is part of Osh region.
