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Kazakhstan’s Samruk Kazyna pays out dividends for 2019

Business Materials 28 August 2020 15:58 (UTC +04:00)
Kazakhstan’s Samruk Kazyna pays out dividends for 2019

BAKU, Azerbaijan, Aug. 28

By Nargiz Sadikhova - Trend:

Kazakhstan’s Samruk Kazyna Sovereign Wealth Fund has paid dividends for 2019 to its shareholders, Trend reports with reference to the company’s statement.

The company’s statement was published by Kazakhstan Stock Exchange.

The report said that the fund paid a total of 120 billion tenge ($286.6 million), which corresponds to the fund’s liabilities within the dividend payments for 2019. Thus, the fund has paid 34.46 tenge (8.2 cents) per simple share.

Sovereign Wealth Fund Samruk-Kazyna Joint Stock Company is the Fund, where the sole shareholder is the Government of the Republic of Kazakhstan.

Following the Presidential Decree in 2008, the Fund was established as a business corporation — an investment holding, whose Mission is to improve the national welfare of the Republic of Kazakhstan and to support the modernization of the national economy.

Samruk-Kazyna JSC Group includes enterprises operating in a number of industries – oil, transport and logistics, chemical and nuclear, mining and smelting,energy, mechanical engineering and real estate.

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