Kazakhstan Temir Zholy Railways Operator on its plans
The 2011 net profit of the Company totaled $750 million, “with most of the profit growth assigned to development of transit operations”.
Managing Director of Samruk-Kazyna Welfare Fund on People’s IPO
Managing Director of Samruk-Kazyna Welfare Fund Peter Howes announced January 31 that at least 160 000 people are expected to be covered by the People’s IPO Program.
KEGOC National Power Grid Operator ready to run People’s IPO in time
The stake to be floated will make up 5-15% of the stock: Bakytzhan Kazhiyev, Head of KEGOC.
Kazakhstan PM refuted gossips on reorganization of Samruk-Kazyna
Kazakhstan Prime-Minister Karim Massimov refuted the gossips about transferring of KazMunaiGas and Kazakhstan Temir Zholy to respective ministries. Commented People's IPO plans and Kashagan budget.
No plans to halt People’s IPO: PM Karim Massimov
According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings.
Samruk-Kazyna managing director to discuss People's IPO on TV
Professional talk show with economist Zhannat Yertlessova will start on STV channel on January 25.
Cost of one share in People's IPO could be 100-150 tenge
We will make the prices low enough to allow everyone to buy at least one share or one batch of shares: Managing Director of Samruk-Kazyna.
Kazakhstan Stock Exchange ready for IPO
The Stock Exchange has got the software to run the People's IPO: KASE president.
People's IPO to kick off in Kazakhstan after parliamentary elections
Managing Director of Samruk-Kazyna National Welfare Fund told about the plans for People's IPO.
KazTransOil may pioneer People’s IPO
According to Samruk-Kazyna Sovereign Wealth Fund managing director, Peter House, KazTransOil is a less volatiale company.
Timing of the People’s IPO can be adjusted in case of a serious crisis
According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings.
BAE Systems may sell part of its stake in Air Astana within People’s IPO
No final decision has been taken yet. However, it is clear that Samruk-Kazyna Sovereign Wealth Fund will retain its majority stake: Peter Foster, Air Astana President.
Public servants allowed to purchase shares of national companies within People’s IPO
Earlier public servants were prohibited from buying securities. But the ban has been lifted recently to stimulate the dormant securities market.
President Nazarbayev speeding up People’s IPO
According to him, this is a real opportunity to raise wellbeing of common citizens.
People’s IPO calls for legislation amendments
To facilitate the IPO Program, some laws should be amended, notably on subsurface use, railways transport, on power industry, on state-run property, on Samruk-Kazyna Sovereign Wealth Fund and some others: Economy Minister.
Kazakhstan to run a large-scaled campaign to raise financial awareness of population at large
According to the PM, the People’s IPO Program should reach out to as many common people as possible.
Under the People’s IPO Program shares of national companies will be offered at market value
We’ve chosen the best timing: the companies are not overvalued at the present time: Minister of Economic Development and Trade
Stable infrastructure companies to be the first to float shares as part of People’s IPOs
Common people are not professional investors. Offering high-risk-involving assets would be not correct: Vice Chairman of the Board at Samruk-Kazyna Sovereign Wealth Fund.
Kazakhstan’s economy policy for the nearest 5 years to focus on large-scaled privatization
At the first stage, that is in 2012-2015, Kazakhstan will launch the so-called People’s IPOs of national companies. Afterwards, some national holdings will be floated to attract strategic global investors: Economy Minister Kelimbetov.
Only 26% of population are aware of the People’s IPO initiative: PM Massimov
According to him, before the end of 2011 the Government should focus on raising people’s awareness of the Program and run the actual Program early next year.