Astana, Kazakhstan, Dec. 25
By Daniar Mukhtarov - Trend:
As of December 2013 the cost of shares of Kazakhstan's "KazTransOil" that were placed within the "People's IPO", increased by 21 percent, Managing Director of JSC Samruk-Kazyna, Malik Salimgereev said on Dec. 25 at a briefing in Astana.
He said that in July 2013, the company paid dividends for 2012 in the amount of 28.8 billion tenges (153.88 tenge = $1), 2.9 billion tenges of which were paid to the minority shareholders' favour. Thus, yield of shares stood at 10.34 percent of the placement price.
The "People's IPO" program will allow the Kazakh citizens to become co-owners of the largest national companies. It is meant for 2012-2015. The "KazTransOil" company was introduced into the program in 2012.
Translated by E.A.