TURKIC INVESTMENT FUND TO HAVE AUTHORIZED CAPITAL OF $500 MILLION
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30.03.2023


The Astana Times (30 March 2023)

 

The Turkic Investment Fund under the Organization of Turkic States (OTS) will have an authorized capital of $500 million, according to a draft bill published on Kazakhstan’s Open Normative Legal Acts website.

OTS heads of state signed an agreement to create the fund during the OTS Extraordinary Summit in Ankara on March 16.

The sum will be divided into 10,000 shares – 2,000 per founding country. Shares worth $150 million are attracted, and $350 million are paid.

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