7 Oct 2022 13:01

Samruk-Kazyna to hold IPO for KazMunayGas before Dec 10

ALMATY. Oct 7 (Interfax) - National Welfare Fund Samruk-Kazyna plans to hold an IPO for KazMunayGas, Kazakhstan's national oil and gas company, in December, Samruk-Kazyna managing director for development and privatization, Yernar Zhanadil, said

"In early December, we are planning an IPO for KazMunayGas. We would like to accomplish it all before the holidays, which usually start in mid-December, to do it before December 10," Zhanadil told reporters.

Samruk-Kazyna earlier announced its decision to set a guaranteed dividend for KazMunayGas shares for a period of three years following its IPO.

KazMunayGas was scheduled to hold an IPO in 2022 on AIX and KASE. The IPO is targeted at the wider public.