The management of NAC Kazatomprom JSC (Kazatomprom) held an Investor Day on 6 March 2020 and presented 2019 full year operating and financial results to local investors at Astana International Exchange (AIX, Exchange).
The event brought together Kazakhstani retail and institutional investors. A live webcast was available for global brokers and fund managers.
Dr. Kairat Kelimbetov, AIFC Governor said:
“The IPO of Kazatomprom launched the first trading on AIX and demonstrated that Kazakhstan can provide a good regulatory environment trusted by Kazakhstani and global investors. It is important to note that local investors acquired 47.5% of the total number of securities listed.”
The Initial Public Offering of securities (IPO) of Kazatomprom on AIX was held in November 2018. The successful listing of GDRs and shares for Kazatomprom showed that AIX can match the needs of issuers and investors. AIX has integrated the Kazakh and offshore markets through the dual listing of shares and GDRs and having CICC and other international brokers as members.
In September 2019, the secondary offering of 4% stake of Kazatomprom GDRs on AIX and London Stock Exchange demonstrated strong demand through AIX from both local and international investors.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
AIFC. Astana International Financial Center (AIFC) was established on the initiative of Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. The constitutional law establishing AIFC was signed on December 7, 2015. The aim of AIFC is to form a leading center of international financial services. The objectives of AIFC are to assist in attracting investments into the country’s economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets. www.aifc.kz
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