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= Interstan Securities = Interstan Securities is an investment firm based in the Kyrgyz Republic. Established in March 1993 following Kyrgyzstan's independence from the Soviet Union, it is the oldest securities broker in the country. The firm has played a pivotal role in the nation's financial industry, including the first issuance of Islamic Securities (Sukuk)in the Kyrgyz Republic. Originally named "Niet-Araket" — which translates to "concept – action" in Kyrgyz — the firm was founded by Mr. Nurbek Elebayev, a pioneer of the Kyrgyz stock market who later served as the Chairman of the Board of the Kyrgyz Stock Exchange.

Scope of Business
Interstan Securities' primary services encompass institutional brokerage, corporate finance, and investment fund management. Additionally, the company engages in asset securitisation.

Notable Transactions
Throughout its history, Interstan Securities has participated in numerous privatisation and post-privatisation mergers and acquisitions in the Kyrgyz Republic. The company has acted as a placement agent for the equity of major banks in Kyrgyzstan, including Ayil Bank, Halyk Bank Kyrgyzstan, and Eco Islamic Bank, among others.

Interstan Securities was responsible for the first issue of Islamic Securities (Sukuk) in the Kyrgyz Republic, serving both as the underwriter and arranger of the issue.

Regulation and Licenses
Interstan Securities operates under the regulation of the Service for Financial Market Regulation and Supervision, part of the Ministry of Economy and Commerce of the Kyrgyz Republic. The firm holds licenses as a securities broker, securities dealer, and investment asset manager. Moreover, Interstan Securities is a trading member of the Kyrgyz Stock Exchange and of the Stock Exchange of Kyrgyzstan – BTS.

Leadership and Management
Stalbek Dzhumadilov has served as the CEO (Director General) of Interstan Securities since 2017, after initially joining the company as the Director of Compliance. Mr. Zainitdin Tagaev, the primary shareholder and a renowned Kyrgyzstani entrepreneur, serves as the firm's Director of Strategy.

Shareholders
Interstan Securities is a privately owned firm, with 60% of its shares held by Mr. Zainitdin Tagaev. In 2022, UAE investor Mr. Mohamed Al Ali acquired a 40% stake in the company. Mr. Al Ali is the CEO and advisor to the Sheikh Ahmed Al Maktoum International Investments Enterprise. The Al Maktoum family is known as the ruling family of Dubai and is among the six ruling families of the United Arab Emirates.

Group of Companies
Interstan Securities operates the Interstan Global Venture Fund in Hong Kong, investing in projects within innovative finance and investment services technologies, digital entertainment, online social interaction products, and the online gaming industry. The firm also operates various securitisation special purpose vehicles in financial centers as part of its securitisation business.

Public Benefit Initiatives
Interstan Securities is also invested in societal growth. In 2018 and 2019, the firm held a nationwide competition to select a slogan for Kyrgyzstan's tourism industry, and fully funded the initiative. In 2022, Interstan Securities became a sponsor of Kyrgyzstan's Street Football Federation, organizing tournaments for children from orphanages under the title "Interstan Cup".