Informational and explanatory meetings of the Samruk-Kazyna Fund on the privatization and IPO program are held from September 28 to September 30 in the Aktobe region.

Experts of the Fund, JSC NC KazMunayGas, Kazpost JSC, KASE and AIX exchanges, as well as representatives of brokerage organizations held on September 29 field meetings with residents of the city of Kandyagash, as well as with employees of the Alibekmola oil field (Kazakhoil Aktobe LLP). The peculiarity of the second meeting, which took place at the field, was the connection to it via videoconference of employees of the Kozhasai field (Kazakhoil Aktobe LLP and Kazakhturkmunai LLP). Oil companies have shown keen interest in fair conditions for participation in the purchase of shares. After all, the flagship of the country’s oil industry, KazMunayGas, is the first in the list for the IPO in the Fund’s portfolio, as the most prepared asset of the Fund. The company’s IPO is also favored by high oil prices.



The issue of timely notification of the start of the IPO and provision of an appropriate amount of time to be able to make a deliberate decision on the purchase of shares was raised. The workers asked about the rights of minority shareholders, about the conditions for the transfer of rights to shares by inheritance. Ordinary citizens — teachers, doctors, pensioners and representatives of various segments of the population — were interested in the specifics of working with securities. At the same time, the participants of the meetings were warned that investing in stocks has market risks, for example, as well as investing in real estate. This is not a bank deposit, which means that it is impossible to promise a state-guaranteed income. Mirat Utepov, Director of the Department of Economics and Planning of Samruk-Kazyna JSC, noted that the decision on the timing of the IPO of KazMunayGas is still worked out.

“The final decision on the sale of shares, as well as on the terms and price per share or price range, will be made by the Government of the Republic of Kazakhstan, taking into account a preliminary assessment of potential demand and market conditions. No decision has been made yet. It is planned that the purchase of shares will be available at a price to all Kazakhstani retail investors without exception,” - Mirat Utepov explained.

Representatives of KASE and AIX told the participants of the meeting how the stock exchange works, about its role in organizing IPOs, successful examples of IPOs held earlier on KASE, about financial instruments. Brokers shared algorithms for buying shares using mobile apps.



The speaker from KazMunayGas, speaking about the company’s activities, urged compatriots to beware of the tricks of scammers and trust only official sources and licensed brokers. 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.