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Kazakhstan's KazMunayGas talks IPO figures

Kazakhstan Materials 7 December 2022 11:16 (UTC +04:00)
Kazakhstan's KazMunayGas talks IPO figures

BAKU, Azerbaijan, December 7. Kazakhstan's National Welfare Fund (Samruk-Kazyna) has sold 3 percent of KazMunayGas company's shares within the framework of the Initial Public Offering (IPO) on Astana International Exchange (AIX) and Kazakhstan Stock Exchange (KASE), Trend reports, citing the press service of KazMunayGas.

Samruk-Kazyna sold a total of 18.3 million shares for a total price of around 153 billion Kazakh tenge ($323 million). In total 128,700 bids were received from Kazakh citizens during the IPO, which attracted 74.6 billion Kazakh tenge ($157.7 million). The company said in the statement that all bids from the country's citizens have been fully satisfied.

Around 72.7 billion Kazakh tenge ($153.7 million) was attracted by share sales to Kazakh legal entities, while 6.6 billion Kazakh tenge ($13.9 million) was generated by accepting the bids of foreign individuals and legal entities.

Within the framework of the IPO, bids from Kazakhstan nationals have been prioritized. After completely satisfying the demand of Kazakhstan nationals, other bids were considered.

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