National Bank of Kazakhstan to become one of KazMunaiGas's shareholders

National Bank of Kazakhstan to become one of KazMunaiGas's shareholders

The National Bank of Kazakhstan will become one of the shareholders of the KazMunaiGas national oil and gas company.

The country’s Samruk-Kazyna National Welfare Fund, which owns 100% share of the company, will sell 10% block of shares and one common stock of KazMunaiGas to the National Bank at the price determined by an independent appraiser, but it won’t be below 750 billion Kazakh tenge (187.45 tenge = $1).

The corresponding decree was signed by Kazakhstan’s government.  A total of 58,420,748 common stocks of KazMunaiGas will be sold, Trend reports.

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