The representatives of Samruk-Kazyna JSC, JSC NC KazMunayGas, Kazpost JSC met with residents and guests of Semey and Kurchatov, as well as with representatives of labor collectives of the Branch of JSC NC Kazakhstan Temir Zholy of Semey and SemAZ LLP. 

The events were held as part of an awareness-raising campaign on the IPO issues of the Group’s Companies. Representatives of Kazakhstan broker-dealer organizations and stock exchanges AIX and KASE also took part in the meetings. The experts introduced to the participants of the meetings the progress of the Samruk-Kazyna privatization program and the IPO of portfolio companies, including key information about the first IPO candidate - the company JSC NC KazMunayGas, and also answered the questions of citizens. 

As Ualikhan Didarbekov, the Senior Manager of the Investment and Business Support Department of Samruk-Kazyna JSC, noted, the Fund is fully committed to the idea of the Head of State on the denationalization of the economy. Therefore, as part of the implementation of the Privatization Plan, it is aimed at informing the citizens of Kazakhstan on a large scale about the possibilities of participating in the IPO of the Fund's portfolio companies. “The main goal is to significantly reduce the share of the state in the country’s economy. 

All assets for full or partial transfer to a competitive environment are reflected in the Privatization Plan approved in 2020, taking into account the updates adopted by the government in August this year. Further implementation of the comprehensive plan will allow the Samruk-Kazyna Fund to optimize the structure of its assets, increase the efficiency of companies, create conditions for technology transfer, attract capital to the development of key sectors of the economy and the national fund. In socio-economic terms, privatization will stimulate the development of small and medium-sized businesses, create additional jobs, and reduce import dependence,” - Ualikhan Didarbekov shared. 

The speaker also noted that “the IPO of JSC NC KazMunayGas creates a precedent in the history of the Kazakh economy for several reasons at once. The first is the placement of the largest oil and gas company in the country with a total volume of assets exceeding KZT11 trillion. The second is that the public offering will take place only on the local market, which will involve the maximum number of Kazakhstani retail investors in the auction. The third - the market situation allows  talking about a unique moment for bidding on the domestic market. Moreover, KazMunayGas demonstrates financial stability despite the external volatility associated with the geopolitical situation in the region”. 

The participants of the meetings learned about IPO mechanisms as an alternative source of income. Recall that informational and explanatory 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. 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. 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.