Press release

Ulaanbaatar, 2021-3-9 - Ard Holdings International LLC held its board meeting on March 5.

Barhas Tsolmon, the winner of the Apprentice Mongolia Show, was appointed as the CEO of Ard Holdings International. 

The Board is composed of the Chairman, CEO of Ard Financial Group, Ganhuyag Ch. and members including former Prime minister, Chairman of the University of Finance and Economics Amarjargal Renchinnyam, Founder of DeFacto Institution Jargalsaihan Damdarjaa, President of Monpolymet Group Munhnasan Narmandah, President of Gatsuurt company Chinbat Lhagvaa, and Chairman of Grape City Mongolia Suhdorj Avir.

Established in 2019, Ard Holdings International is a wholly owned subsidiary of Ard Financial Group (Ard). It specialises in banking investments in Mongolia and the region. Ard Holdings International has begun investing in the Mongolian banking sector in 2021 and is preparing to expand its operations in the region and list its shares on stock markets of developed countries.

Ard (MSE:AARD 03260) operates with the mission to Build the Investor Nation. Our investment portfolio includes companies such as Ard Insurance (MSE:AIC 05480), Ard Credit (MSE:ADB 05509), Ard Securities, Ard Life, Ard Assets, Ard Bit, TenGer Systems, MEC Partners (, Mongol Post (MSE:MNP 05412), Ard Holdings International, Ard Leasing, Ard Properties and Ard Realty. Ard Management has been operating Mongolia’s first closed-end mutual fund, The National Privatization Fund (MSE:XOC 4001) since the end of 2020. Ard App, Ard Fintech, ArdCoin, Ard Cash, CryptoNation and Ard Digital Bazaar are proprietary digital products based on artificial intelligence and blockchain technology.

For more details, contact:

HQ address: Ard Holdings, Prime Minister Amar street, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: powerful.gains.animates
Central Tower branch address: Suhbaatar square-2, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches
Tel: +976 7700 8181, +9767700 8282, +976 7700 3322