BAKU, Azerbaijan, October 7. Kazakhstan's Samruk-Kazyna JSC officially known as National Welfare Fund intends to record the minimum guaranteed dividend amount of KazMunayGas shares for three years, Trend reports citing Astana International Exchange (AIX).
Acting Managing Director for Development and Privatization of Samruk-Kazyna JSC Ernar Zhanadil announced the fund's decision to record the minimum guaranteed dividend amount of KazMunayGas shares for 3 years after its initial public offering (IPO) during the Financial Literacy Forum, which takes place annually at AIX as part of the International Investor Week.
It will be possible to apply for the purchase of KazMunayGas shares through brokers-trading members of the AIX and Kazakhstan Stock Exchange (KASE), as well as by direct subscription through the Tabys mobile application or at Kazpost offices.
Chief Executive Officer of AIX Renat Bekturov noted that the uniqueness of the upcoming IPO is that citizens will be able to use a direct subscription to the issuer's shares without opening an account with a broker.
The direct subscription method is suitable for those who, for one reason or another, don't have time to open an account, who have not previously invested in the stock market and they need more time to choose a broker. It will also be convenient for those who don't plan to quickly sell the purchased shares and don't need to open a brokerage account at the initial stage.
As part of the AIX Financial Literacy Forum, a session on privatization and IPO was held, which was attended by speakers from the Samruk-Kazyna Fund, the national company KazMunayGas, Kazpost JSC, as well as Freedom Broker, Halyk Finance, BCC Invest and Sky Bridge Invest brokerage companies.