Press release

KazakhExport paid dividends to the sole shareholder for 2018

EIC "KazakhExport" JSC, Nur-Sultan, June 25. The Export Insurance Company "KazakhExport" JSC paid out dividends in cash to the account of the Sole Shareholder of the Export Insurance Company "KazakhExport" JSC- Baiterek National Management Holding JSC. The payout amount in accordance with the previously adopted decision of the Board of the Holding is KZT 475,665,899.2.

Earlier it was reported that, the Board of the Sole Shareholder of Export Insurance Company "KazakhExport" JSC, Baiterek National Managing Holding JSC, approved the procedure for distributing the net income of a subsidiary for the fiscal year ended on December 31, 2018.

According to the annual financial statements of KazakhExport, approved by the same decision, the net income of the Company amounted to more than KZT 1,5 billion.

Of this amount, it was decided to pay KZT 475 million to Baiterek NMH JSC as dividends.

 

            Reference:

          The mission of Export Insurance Company "KazakhExport" JSC (member of Baiterek NMH JSC) is to support the growth of exports of non-primary goods, works, and services in priority sectors of the economy and to develop the practice of financial insurance and non-financial support for Kazakhstan enterprises.