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ASTANA (TCA) — The Stock Exchange of the Astana International Financial Center (AIFC) is ready to start trading from January 1, 2018, AIFC Governor Kairat Kelimbetov said at the meeting of Kazakhstan’s Government on December 4, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ALMATY (TCA) — The Eurasian Development Bank (EDB) says it has become the largest investor to take part in the primary issuance, at the Kazakhstan Stock Exchange (KASE), of 10-year international bonds of JSC KazTransGaz, the largest gas production and transportation company of Kazakhstan which represents state interests both in the domestic and foreign gas markets. The EDB accounts for 76.92% (US$ 60 million) of all closed bids for KazMunaiGaz bonds received by KASE. Continue reading
ASTANA (TCA) — During the 30th plenary meeting of the Foreign Investors’ Council in Astana on June 22, chaired by Kazakhstan President Nursultan Nazarbayev, Kazakh Minister for Investment and Development Zhenis Kassymbek reported on the implementation of the instructions for the establishment of the Astana International Financial Center, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ASTANA (TCA) — On June 8, during the visit of Chinese President Xi Jinping to Kazakhstan, the Astana International Financial Centre (AIFC) and Shanghai Stock Exchange (SSE) announced the signing of a Shareholders’ Agreement to become primary shareholders of AIFC Exchange. Continue reading
ALMATY (TCA) — Following the so-called People’s IPO campaign, which is now widely considered to have been disappointing, a new “privatisation” scheme has been announced by the Kazakh government earlier this year. But as time goes by and timing remains uncertain, many insiders and sideliners start casting doubts on whether either domestic or foreign investors see any point of purchasing stock in companies due to remain out of their control. In other words: rather than contributing to structural economic reform this is considered just one more attempt to fill the dwindling reserves in the state coffers without giving much in return. Continue reading
