Informational and explanatory meetings on the topics of privatization and IPO were held in Almaty and Zhetysu regions, in which Kazakhtelecom structural units of both regions participated. 

The employees got acquainted with the progress of the privatization and IPO program of portfolio companies, the mechanisms and risks of investing in the securities market, and also received answers to questions about the IPO topic. A specially created delegation consisting of representatives of Samruk-Kazyna JSC, banks, brokerage organizations and stock market specialists holds relevant informational and explanatory meetings with the population, employees of companies and employees of various production facilities throughout the country. 

On September 27, experts met with residents of the village of Otegen Batyr and employees of the Ili RITC DCD, the next day the presentation of the assets of the IPO program was held for employees of the RUSD of the DCD Almaty region in the regional center of the Zhetysu region – Taldykorgan. At both meetings, information was provided on the asset privatization program of the Samruk-Kazyna Fund and on the first IPO candidate, the national company KazMunayGas. 

“The Head of State has repeatedly stressed that ordinary citizens of our country should be able to purchase shares of national companies and receive their dividends from these investments, and for this, first of all, it is necessary to fully inform citizens about both the timing of the program and the capabilities of companies whose shares are supposed to be placed for initial placement. And the Fund, for its part, tries to contribute to this as much as possible,” - Aizhan Kairatova, the Senior Manager of the Privatization and Assets Restructuring Department of Samruk-Kazyna JSC, said during a meeting with Kazakhtelecom JSC employees.  

According to the speaker, the Samruk-Kazyna Fund plans to bring the largest assets into the competitive environment in the next 4 years, including Joint–Stock Companies Kazmunaygas, QazaqGaz, Qazaq Air, Samruk-Energy, Air Astana and Kazakhstan Temir Zholy. Currently, the main efforts of the Fund are focused on preparing the IPO of KazMunayGas, despite the external volatility associated with the geopolitical situation in the region. Thus, due to the increase in the production, transportation and processing of carbon raw materials, KMG revenue in H1 2022 increased by 57.5% (KZT4.2 trillion), the company’s net profit was at the level of KZT677 billion.  

During the informational and explanatory meetings, which were attended by several hundred employees of the divisions of the country’s largest telecom operator, the participants showed increased interest in acquiring shares of the oil and gas company. 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.