BAKU, Azerbaijan, Jun. 26
By Nargiz Sadikhova - Trend:
Kazakhstan Sustainability Fund JSC has allocated its net revenue to make dividend payments for 2019, Trend reports with reference to the fund.
On Jun. 15, 2020 Kazakhstan Sustainability Fund JSC announced that it will make dividend payments for 2019 by a decision of National Bank of Kazakhstan, which is its sole shareholder, made on May 29, 2020.
Upon the decision, the fund allocated 27.7 billion tenge ($68.6 million) of its net revenue to pay dividends.
Thus, 73.41 tenge (1.8 cents) will be paid per each ordinary share of the company. The company started paying dividends on Jun. 1, 2020.
The dividend payments were paid in a non-cash form over the period of 30 calendar days since the dividend payouts first began.
Kazakhstan Sustainability Fund JSC is Kazakhstan’s fund concerned with providing support to country’s second-tier banks, participation in improving the availability of mortgage loans, participation in refinancing of mortgage loans.
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