AA is majority owned by the Orumbayev family (89%), with the remaining 11% shares belonging to Mrs. Valentina Alymkulova.

Total cost to implement the Project is estimated at US$33 million to be financed by (i) IFC’s proposed senior secured loan of up to US$20 million denominated in KGS for its own account; and (i) internal cash generation of the Company.

AA is headquartered in the outskirts of Bishkek, Kyrgyz Republic. The Project is to be implemented by AK in Issyk Kul and Chui regions of the Kyrgyz Republic.

The Company is committed to address the gaps in its corporate governance practices and is planning to hire an external consultant to align them with IFC’s standards.

 This is a Category B project according to IFC’s 2012 Policy on Environmental and Social Sustainability due to limited and site-specific E&S risks and impacts associated with the construction and operation of poultry sheds in consolidated agricultural areas in Issyk Kul and planned broiler sheds and feed mill will be located in unutilized land (i.e., not cultivated) in an old agro-industrial area in Kemin. Key E&S risks and issues for this project include: (i) AK's E&S management and monitoring systems capacity to assess and manage E&S risks (including food safety) and impacts from its direct and sourcing (soy, wheat, corn) operations; (ii) fair treatment and safe working conditions for employees and contractors, including implementation of HR policies and procedures aligned with PS2 requirements; (iii) emergency preparedness and response, including life and fire safety (L&FS) and dust explosion; (iv) resource (energy/water) efficiency, GHG emissions, and management of air emissions, solid/hazardous waste, effluent, and odor; (v) community safety risks, including traffic, and use of security forces; (vi) effectiveness of stakeholder engagement plans (SEP) and community grievance mechanism; (vii) animal welfare practices and bio-security controls; and (viii) avoidance of conversion of natural habitat from grain sourcing.