On September 19, representatives of the Samruk-Kazyna Fund, JSC NC KazMunayGas and Kazpost JSC met with residents of Aktau as part of a informational and explanatory campaign. The representatives of Kazakhstan broker-dealer organizations and stock exchanges AIX and KASE also participated in the event.
The experts introduced to the residents the progress of the Samruk-Kazyna privatization program and the IPO of portfolio companies, including key information about the first IPO candidate - JSC NC KazMunayGas and answered the questions of interest of the citizens.

Mirat Utepov, the Director of the Department of Economics and Planning of Samruk-Kazyna JSC, noted that the Fund is fully committed to the idea of the Head of State on the denationalization of the economy. Therefore, within the framework of the implementation of the Privatization Plan, it is aimed at informing the citizens of the Republic of Kazakhstan on the possibilities of participating in the IPO of the Fund’s portfolio companies.

“The Samruk-Kazyna Fund is at a turning point in its transformation. We intend to make a qualitative transition from a holding company managing the most important strategic assets of the state to an investment fund. IPO and transfer of assets to the competitive environment in this context should become the strategic objective of the Fund as part of its privatization program. At the same time, the Fund will retain its presence as a majority shareholder in companies operating in key industries for the state”, - Mirat Utepov noted. 

The speaker supplemented the speech about the IPO possibilities by saying that “literally every Kazakhstani will have the opportunity to buy KMG shares and become a co-owner of the largest oil and gas company in Kazakhstan”. In addition, the ownership of shares will influence the development of the company, and as well as the oil and gas industry, which is the most important sector for Kazakhstan. 

In turn, Dauren Karabayev, the Deputy CEO for Economics and Finance of JSC NC KazMunayGas stressed that participation of Kazakhstanis in the IPO can become an alternative source of income, but with this method of investment it is necessary to focus more on the future.

“Income on shares can be received both in the form of dividends, while remaining the owner of shares, and in the form of an increase in the value of shares when they are sold. However, it should be remembered that depending on the results of the company’s performance, dividends may not be paid annually, and stock prices may decrease under the influence of adverse factors. Investments in stocks should be made taking into account these risks, planning to obtain profitability in the long term”, - Dauren Karabayev stressed. 

Thus, the participants of the meeting learned about IPO mechanisms as an alternative source of income. Recall that informational and explanatory meetings with the population, employees of companies and employees of production facilities will be held in more than 60 cities across the country from September 16 to 30, 2022.

To learn more about the IPO and the Fund’s privatization program in general please visit a specialized Internet resource ipo.sk.kz

For information:

By 2025, 7 large assets of Samruk-Kazyna JSC will be partially transferred to the competitive environment, 6 of which through IPO. The IPO of KazMunayGas is planned for this year. The placement will take place on the AIX and KASE platforms.