Samruk-Kazyna Foundation to Have Held a Meeting with Residents of the West Kazakhstan Region on IPO Issues

Samruk-Kazyna Foundation to Have Held a Meeting with Residents of the West Kazakhstan Region on IPO Issues

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27 September 2022

On September 26-27, representatives of Samruk-Kazyna JSC, JSC NC KazMunayGas, Kazpost JSC organized informational and explanatory meetings in the West Kazakhstan region (the city of Uralsk and the village of Aksai) as part of a large-scale campaign on the topics of privatization and IPO conducted throughout Kazakhstan. 

Representatives of Kazakhstan broker-dealer organizations and stock exchanges AIX and KASE also attended the event. The experts explained to the residents the implementation 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 questions of interest to citizens, including how and from whom to purchase shares, how to protect yourself from fraudsters and much more. 

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Mirat Utepov, Director of the Economics and Planning Department of Samruk-Kazyna JSC, noted that the Fund seeks to attract as many retail investors and individuals as possible to participate in the IPO. “The Fund sees the creation of a high-quality investor base as an important component of its strategy, as well as the development of an investment culture in the country. To this end, the Fund has launched a special resource ipo.sk.kz on which materials on financial literacy, the basics of investing and the mechanisms of capital markets are available to a wide range of the public. The purpose of the information and educational program is to familiarize the general public with the IPO process and attract as many people as possible to the placement of shares of companies of the Samruk-Kazyna Fund,” - the speaker said.   

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In total, 3 informational and explanatory meetings were held in the West Kazakhstan region with residents and employees of local enterprises, during which participants 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.