Kazakh President opens AIX’s first trading session

Nazarbayev launched the first trading session on the Astana International Exchange (AIX).
Kazakh President opens AIX’s first trading session
16 November 10:20 2018 Print This Article

Coinciding with the 25th anniversary of tenge, the national currency, the Astana International Financial Centre (AIFC) opens AIX’s first trading session

The Kazatomprom national atomic company, which produces 20 percent of the world’s uranium, became the first company to be listed on the stock exchange.

The launch of the AIFC is a major step in the sustainable development of our country,” said the president Nursultan Nazarbayev.

The AIFC should become the main financial hub of the region and one of the leading financial centres in Asia.

“The financial centre gave Astana a new status of a financial capital. Astana’s position rose by 27 points in the Global Financial Centres Index (GFCI).

“We plan to place the shares of Kazakhtelecom, Air Astana, KazMunayGas and other national companies on the stock exchange in the future. The AIFC will make its contribution to attracting foreign capital and bringing the stock market to a new level. We invited leading partners and experts and created favourable conditions for its participants,” he said.

“Today, we take a major step. The Kazatomprom national company successfully placed its shares for the initial public offering on the London Stock Exchange and the AIFC Exchange. Foreign and domestic investors showed interest in this. Some 49 foreign, 16 domestic legal entities and 2,700 Kazakh citizens took part in the IPO,” said Chairman of the Board of the Samruk Kazyna Sovereign Wealth Fund Akhmetzhan Yessimov.

According to Kazatomprom, the price for one share was $11.60 per GDR. About 7.8 million shares of the company are available on the AIX.

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