On September 20, the residents of Turkestan met with representatives of the Samruk-Kazyna Fund, JSC NC KazMunayGas, Kazpost JSC, and learned more about the possibilities of participating in the IPO program.

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.

As Damir Mamytov, the Senior Manager of the Department for Privatization and Assets Restructuring 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, 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. 

“According to the current privatization plan for 2021-2025, adopted by the Government of the Republic of Kazakhstan, 30 companies of the Fund Group are subject to transfer to the competitive environment in various ways. It should be noted that the life of companies after the IPO is radically changing, because the company must meet the high listing requirements, implement all its internal and external processes in accordance with the best international practices, improve the level of corporate governance, actively interact with investors, conduct all its activities transparently and publicly, primarily strive to maximize benefits for all its shareholders”, - Damir Mamytov 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.