Closed Joint-Stock Company (Faroz) has posted a list of its facilities subject to sale on its official website. 

Four fuel storage warehouses, 19 fueling stations in Dushanbe and Khatlon provinces, eight motor depots and one driving school are included in the list.

Besides, Faroz holding company sells nine service centers, three concrete, brick and crushed stone producing as well as administrative building in Dushanbe, four garages and 60 cars and trucks. 

Recall, Faroz holding company stated at the end of the last week that it has decided to go into voluntary liquidation.

The company has filed an application on voluntary liquidation with the Tax Committee to state that it and all its subsidiaries are to be wound down.

Meanwhile, the Prague-based news website Akhbor said it had obtained a copy of the letter that this says that only the company’s fuel import business is being liquidated.

“Tajik companies are buying fuel directly from the producers, cutting out the middlemen.  Also, prices for fuel have gone up, so the company has lost competitiveness on the local fuel market,” says the letter.  

Founded in 2008, CJSC Faroz is a highly diversified company having interests in various areas, including pharmaceuticals, banking and fuel distribution.  Headquartered in Dushanbe, the company has branches in all large cities and districts of Tajikistan and outside it.   

According to Eurasianet, tax registry data shows that there are around 60 different entities registered within the Faroz holding company.  These include banking interests, a chain of filling stations, medical services laboratories, mineral extraction companies, several bazaars in Dushanbe, the Cambridge Academy, an elite private school that opened last September, and the Safed-Dara skiing complex.

The latest addition to the Faroz business empire is a giant waterpark in Dushanbe, which opened its doors on August 30.  The builders of the waterpark, which was developed jointly with Turkish company Polin Waterparks, say it is the largest of its kind anywhere in the region.