A series of informational and explanatory meetings of the Samruk-Kazyna Fund in the western regions of the country on the topics of the privatization program and IPO has been completed.

Experts of the Fund, JSC NC KazMunayGas, Kazpost JSC, stock exchanges KASE and AIX, as well as representatives of brokerage organizations held meetings with the population of Uralsk and Aksai on September 26-27, which gathered together teachers, doctors, veterans, civil servants and employees of JSC NC QazaqGaz, SNPS-Aktobemunaygas JSC and a number of other organizations.

Meetings with residents of the Aktobe region, in particular, with residents of the cities of Aktobe, Kandyagash, Khromtau, as well as with employees of the Alibekmola oil field (Kazakhoil Aktobe LLP) were held from September 29 to 30. The peculiarity of the meeting, which took place at a remote field, was the connection to it via videoconference of employees of the Kozhasai field (Kazakhoil Aktobe LLP and Kazakhturkmunay LLP). Also on the final day of the roadshow, experts met in Aktobe with employees of the central office of Kazakhturkmunay.

Special emphasis was placed by experts on explaining what an IPO is and what a “stock” is, on which its value and exchange rate depend, how to open an account with a brokerage company, why it is worth considering market risks in retail investments, just like investing in real estate, that this is not a bank deposit, which means that it is impossible to promise a state-guaranteed income.

The KASE and AIX told how the stock exchange works, about its role in organizing the IPO, successful examples of IPOs with companies such as Kazatomprom, KEGOC and KazTransOil, about financial instruments of the stock market, the advantages of investing during the IPO period, the possibility of checking the financial condition of the company through financial statements on the website KASE. The AIX representative said that it will be possible to participate in the IPO directly in the Tabys mobile application or in the Kazpost branch. Subsequently, in order to sell the shares, you will need to open an account with a broker.
Experts of four brokerage companies Halyk Finance, SkyBridge Invest, BCC Invest and Freedom Finance explained in plain language that Kazakhstanis can receive income when buying shares both in the form of dividends from the company's profits and in the form of earnings on the subsequent resale of shares. Brokers dwelt on how to become a shareholder of companies, how to apply for the purchase of shares, what happens after that and why it is required to choose licensed brokers. Basic consultations and opening of a brokerage account (via mobile applications of brokerage companies) are free of charge. 

Residents of the regions asked about the rights of minority shareholders, about the conditions for the transfer of rights to shares by inheritance, and also showed keen interest in the upcoming IPO of the leader of the oil industry — the KazMunayGas company. The diversified business of the national operator for the exploration, production, processing and transportation of hydrocarbons allows generating profits not only from the sale of oil. On the other hand, the company ranks first in Kazakhstan in oil production and is a participant in major world—class mining projects - Kashagan, Tengiz, Karachaganak. Only the volume of reserves for exploration projects implemented by KazMunayGas amounts to more than 8 billion barrels of oil equivalent.

Mirat Utepov, Director of the Department of Economics and Planning of Samruk-Kazyna JSC, noting that the decision on the timing of the IPO of KazMunayGas is still worked out by the government, taking into account the opinions of independent consultants, especially focused the attention of potential retail investors on the need to make deliberate and balanced decisions.
“Each investor should independently make a decision on investing in a particular security, taking into account all the circumstances. At the same time, KazMunayGas does not see any absolutely unfavorable factors that would completely hinder the IPO on the local market. However, it should be borne in mind that high uncertainty remains associated with geopolitical risks, the risk of new prolonged pandemic lockdowns, growing inflationary pressure and monetary policy measures taken by central banks,” - the main speaker of the expert group explained.

At the end of each meeting, the experts strongly recommended to beware of scammers who, through fraudulent applications and websites with colorful fake videos, promise fantastic “windfalls in a few months” noting that all the necessary information about the upcoming IPO will be brought to the public in a timely manner through official information sources.

For example, to learn more about the IPO and the privatization program of the Fund as a whole is possible on a specialized Internet resource ipo.sk.kz and the official websites of the national companies themselves.
Recall that similar meetings with the population, company employees and employees of production facilities were held in more than 60 cities across the country from September 16 to 30, 2022. 

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 scheduled for this year. The placement will be on the AIX and KASE platforms.