KazakhExport's share capital increased

Business Materials 2 April 2019 14:30 (UTC +04:00)

Baku, Azerbaijan, Apr. 2

By Rashid Shirinov – Trend:

Kazakhstan's Baiterek National Management Holding has decided to replenish the share capital of its subsidiary KazakhExport by 34 billion tenge, Trend reports via Kazakh media.

Thus, the company's equity increased to 77.8 billion tenge, and assets amounted to 82.8 billion tenge.

"KazakhExport's share capital increase will benefit the development of the company and increase the amount of insurance support for Kazakh exporters and export earnings," said Ruslan Iskakov, Chairman of KazakhExport Board.

It should be noted that KazakhExport supports the growth of exports of non-resource goods, works and services in the priority sectors of the economy of Kazakhstan and the formation of the the practice of financial and insurance and non-financial support for Kazakh enterprises.

Any enterprise producing non-resource goods in Kazakhstan, which plans to enter international markets and protect its business from unwanted risks, can use the services of KazakhExport.

(379.95 KZT = 1 USD on Apr. 2)


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