home Equities, U Initial public ordering of Kazakhtelecom, Air Astana and Kazatomprom will be done by year end

Initial public ordering of Kazakhtelecom, Air Astana and Kazatomprom will be done by year end

By SightlineU3O8   Posted in Equities U
Posted on

CEO Samruk-Kazyna welfare fund Akhmetzjan Yesimov briefed the President of Kazakhstan Nursultan Nazarbayev on the results the fund’s activities in the first 7 months of the current year and plans for the forthcoming period.

The main indicators for the first half of the year are positive. 18 assets worth KZT 42 billion ($117 million) were sold out as part of the privatization program, Yesimov said.

“Initial public ordering of 3 of our companies will done by year end: Kazakhtelecom, Air Astana and Kazatomprom,” Akhmetjan Yesimov said.

Nazarbayev stressed the importance of transferring the fund’s assets to private hands, said it will positively impact on small and medium businesses.

Source: AKIpress News Agency