Press release

The Board of «Baiterek» Holding distributed the net income of KazakhExport for 2018

EIC "KazakhExport" JSC, Nur-Sultan, June 3, 2019. 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 decision mentioned, 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.

The Board of the Holding decided to leave the remaining amount of KZT 1.1 billion at the disposal of KazakhExport.

Income per ordinary share is approved in the amount of KZT 5,240.92.

The Board of the Holding determined June 1, 2019 as the date of commencement of dividend payment.

Dividends in cash shall be paid to the Holding's current account by August 14, 2019.

           

            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.