During the Financial Literacy Forum, which is held annually at the AIX as part of the International Investor Week, Yernar Zhanadil, the Managing Director for Development and Privatization of the Samruk-Kazyna Fund, announced the Fund’s decision to fix the minimum guaranteed amount of dividends of KazMunayGas shares for three years after its IPO. 

The listing of KazMunayGas shares is scheduled for the end of 2022. It will be possible to apply for the purchase of KazMunayGas shares through brokers-trading members of AIX and KASE exchanges, as well as by direct subscription via the Tabys mobile application or in Kazpost branches. In turn, Renat Bekturov, the CEO of the AIX, noted: “The uniqueness of the upcoming IPO is that citizens will be able to use a direct subscription to the issuer’s shares without opening an account with a broker. 

This is a generally recognized global practice in the field of IPO. For example, the ‘People’s IPO’ of Royal Mail in 2013 is one of the successful cases. We have applied this practice so that even more Kazakhstanis have the opportunity to quickly purchase shares of a national company from anywhere in the country. It will be possible to do this through the Tabys application developed by our exchange”. 

The direct subscription method is suitable for those Kazakhstanis who, for one reason or another, do not have time to open an account, who have not previously invested in the stock market and they need more time to choose a broker. It will also be convenient for those who do not plan to sell the purchased shares quickly and do not need to open a brokerage account at the initial stage. 

Within the framework of the AIX Financial Literacy Forum, a session on privatization and IPO was held, which was attended by speakers from the Samruk-Kazyna Fund, the national company KazMunayGas, Kazpost JSC, as well as the brokerage companies Freedom Broker, Halyk Finance, BCC Invest and Sky Bridge Invest.   

Since September 16, 2022, representatives of these companies have held meetings with the population of Kazakhstan and employees of manufacturing enterprises on the initiative of the Samruk-Kazyna Fund in more than 60 cities of Kazakhstan. Thousands of people had the opportunity to ask their questions about the upcoming IPO of KazMunayGas directly to its organizers. Meetings with the population and employees of large enterprises of Astana and Almaty will be held in the next two weeks.