Established in 1924, the State Departments Store is the largest retail store in Mongolia located in the heart of Ulaanbaatar. The store offers a variety of products and consumer goods for the needs of tourist, visitors and residents of Ulaanbaatar. The store is stocked with everything customers need from personal care products,, to apparel, to home and business products, to electronic goods, bedding, luggage, to traditional Mongolian antiques and souvenirs and more. In addition, the State Department Store includes a fast food restaurant, and photographer, barber shop, banking service, currency exchange, mobile phone, laundry, and watch repair centers.

 

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Nomin Holding is the parent company of the State Department Store. It is the biggest brand in Mongolia’s commercial, economic, and business spheres. Nomin Holding Co. Ltd has its 13 daughter companies in sectors such as wholesale and retail network, carpet industry, financial and insurance service, and tourism.

Nomin Holdings owns 75% of the former state-owned State Department Store and re-launched first and the biggest department store in Mongolia.

The State Department Store has been selling public shares since October 16, 1998 with the initial price of 100 MNT per 1 unit of stock.

Ticker symbol-         UID
Stock Code-             484
Total issues -          36,807,850

Market capitalization- 12 146 590 500 MNT (as of July 2008)

Source: www.mse.mn