MOSCOW (MRC) -- NC KazMunayGas JSC (hereinafter – KMG) announces the upcoming meetings with retail investors on November 14-15 as part of the roadshow organized by the company for the detailed and extensive coverage of the local IPO of KMG on the Astana International Financial Center Exchange (hereinafter - Astana International Exchange or AIX) and the Kazakhstan Stock Exchange (KASE), said the company.
Speakers at the meetings will include representatives of Samruk-Kazyna JSC, KMG, and financial advisors of the company.
During the roadshow, the public of the Republic of Kazakhstan will be provided with detailed information on KMG's activities, investment highlights and the company's dividend policy, as well as the terms of the IPO of shares and the procedure for submitting investor applications.
Meetings with retail investors will be held from November 14 to November 25 in the 17 administrative centers of oblasts and the cities of national significance, namely: Almaty, Astana, Shymkent, Atyrau, Turkestan, Karaganda, Aktobe, Zhezkazgan, Kokshetau, Konaev, Petropavlovsk, Taldykorgan, Taraz, Ust-Kamenogorsk, Uralsk, Semey, Aktau, Kyzylorda, Kostanay, and Pavlodar.
Earlier it was reported that on November 8, KazMunayGas launched a new plant for the production of polypropylene with a capacity of 500 thousand tons per year in Atyrau, Western Kazakhstan. The new plant is valued at USD2.6 billion and will be able to produce up to 65 types of polypropylene to meet domestic demand, as well as export polypropylene to foreign markets. It uses Catofin and Novolen technologies provided by Lummus Technology.
The project is managed by Kazakhstan Petrochemical Industries, owned by the National Welfare Fund Samruk-Kazyna. The plant was built by China National Chemical Engineering.
KazMunayGas is Kazakhstan's national operator for the exploration, production, processing and transportation of hydrocarbons, representing the interests of the state in the oil and gas industry. 90.42% of the company's shares belong to the state fund "Samruk-Kazyna", 9.58% - to the National Bank of Kazakhstan.