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Kazakhstan’s KazBurGas to pay out dividends for 2019

Business Materials 20 November 2020 17:18 (UTC +04:00)
Kazakhstan’s KazBurGas to pay out dividends for 2019

BAKU, Azerbaijan, Nov. 20

By Nargiz Sadikhova - Trend:

Kazakhstan’s KazBurGas JSC which performs drilling of oil and gas wells of various designs, purposes and categories of complexity is planning to pay out dividends for 2019, Trend reports citing the company’s statement published by Kazakhstan Stock Exchange (KASE).

Thus, from the retained part of the company's net profit for 2019 in the amount of 503.5 million tenge ($1.17 million) to allocate 150.1 million tenge ($350,010) to pay dividends.

Some 2.6 million tenge ($6,238) will be used to pay dividends to holders of preferred shares of the company; 147.4 million tenge ($343.770) will be used to pay dividends to holders of common shares of the company.

Kazburgas JSC has been present on Kazakhstan market since 1996 as a result of a merger between Karachaganak Drilling Operations Department and Aksai Drilling Operations Department (Karachaganakgasprom OJSC).

The company consists of highly experienced oil and gas industry staff and having long-term business relations with such large companies as Karachaganak Petroleum Operating B.V., Zhaikmunai LLP, Schlumberger Logelco Inc., Weatherford, Halliburton International Inc., SMAPE, Saipem and others, we are making efforts to have our clients satisfied with co-operation with our company.

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