GROWING SHAREHOLDER VALUE
Our Journey: Milestones & Achievements
FROM PIONEERING FINANCIAL SOLUTIONS TO MARKET EXPANSIONS
2005 - December 21
Issued 10,000 ordinary shares worth MNT 10,000,000 from the Employee Stock Ownership Plan.
2006 - By the end of 2006
The company had issued 477,857 shares, with 242 shareholders.
2007 - February 21
Introduced pension fund services, successfully managing the pension accounts of teachers and 13k employees, becoming a pioneer in this field in Mongolia.
2008 - July 9
A shareholders' meeting was held with 39 shareholders holding 92% of total shares participating. The meeting approved financial and operational reports.
2009 - October 26
An investment was made in Monet Capital LLC, a company engaged in brokerage, dealing, underwriting, and investment banking activities.
2010 - May 27
Established Mongolia's Person Name Account, a 100% subsidiary of ITI LLC to manage savings accounts.
2011 - December 25
Approved the exchange of Monet Capital LLC shares to Ard Financial Group LLC, making Monet Capital LLC a wholly owned subsidiary.
2012 - December 26
Adjusted strategic direction and sold 56% of ITI LLC's shares in Nominal Active LLC and Concept LLC to their executive teams.
2013 - December 26
Approved the acquisition of 13% of Ard Financial and 10% of Ard Insurance Credit. The company officially started operating under the name 'Ard Financial Group'.
2014 - March 31
Established the Investment Committee, Compensation & Nomination Committee, Risk & Finance Committee, and Audit Committee under the Board of Directors.
2015 - March 23
Acquired a controlling stake (64.6%) in Ard Ins. JSC, a publicly traded company in the agricultural sector.
2016 - September
Ard Financial Group and Mr. Kh. Battulga signed an MOU on the strategy and vision of Mongol Post JSC. Ard Financial Group acquired an additional 13%, increasing its total ownership to 51%.
2017 - February 9
Invested MNT 1.3 billion in Ard Securities LLC, increasing its capital from 3 billion with regulatory approval.
2018 - January 8
Held a board meeting of Crypto Nation JSC, approved the management structure, and made investment decisions.
2019 - June 21
The number of Ard App users reached 200,000, while Ard Financial customers hit 100,000.
2020 - February 19
Ard Financial Group JSC distributed MNT 1 billion in dividends, 12.85% of its 2019 net profit.
2021 - February 25
The market capitalization of Ard Financial Group JSC surpassed MNT 300 billion for the first time. March 30 – Ard App users reached 1 million.
2022 - February 16
Distributed MNT 1.3 billion in dividends, equivalent to MNT 46.3 per share. December 16 – Announced the #WeCanBeMOre campaign, granting AARO shares to 1.3 million children in Mongolia.
2023 - October 11
Successfully transitioned to the new Ard App V5. December 15 – Launched ARDCOIN 5.0 as a national decentralized and open loyalty rewards program.
2024 - January 31
Burned 100 million ArdCoins, reducing the total circulating supply to 4.5 billion.
OUR BUSINESS ECOSYSTEM
Ard Financial Group operates a dynamic network of businesses, ensuring sustainable growth across sectors:
Banking & Finance – Ard Credit, Ard Securities, Ard Assets
Banking & Finance – Ard Credit, Ard Securities, Ard Assets
Technology & Innovation – ArdCoin, Ard App, Blockchain Solutions
Investment & Capital Markets – Ard Holdings, Ard Wealth, Ard Management
Infrastructure & Media – Mongol Post, iConcept, Namnsrai Active
WHY CHOOSE ARD?
We bring the latest fintech advancements to Mongolia.
Our investments are strategically positioned for long-term success.
Committed to strong corporate governance and shareholder value.
