Development of mining and metals sector in the Republic of Kazakhstan by successful implementation of investment projects and efficient operation of priority solid minerals assets based on sustainable development principles

The shares of the country's largest companies, including Tau-Ken Samruk will be allotted on AIFC exchange until the end of 2020

The shares of the country's largest companies, including Tau-Ken Samruk will be allotted on AIFC exchange until the end of 2020.

According to akorda.kz, the President Nursultan Nazarbayev started the work of Astana International Financial Center. The head of state underlined that AIFC is a new page in the history of independent Kazakhstan. AIFC is the result of a thorough study of the world experience and the history of the creation of leading financial centers.

- AIFC Kazakhstan model embodied the best practice of the world financial structures. The center will work both with non-residents and residents of the Republic of Kazakhstan. AIFC participants will have access to the capital not only of Kazakhstan and region, but of the whole world, Nursultan Nazarbayev stated.

- participants of AIFC enjoy tax privileges up to 50 years, simplified currency, visa and labor regimes. This is the only center in the region, whose work is based on English law. The Independent Court and the International Arbitration Center guarantee the fairness and protection of the rights of the parties, akorda.kz cites the Head of the State.

AIFC Exchange started its work together with the opening of the Financial Center. Today there are 14 local and international brokers with total assets of US$34 billion. And this figure will grow.

As the official website of the Prime Minister of the Republic of Kazakhstan informs, “the first major step will be the public allocation of shares of the largest national companies on AIFC Exchange.” It is planned that by the end of 2020 the shares of the largest companies of the country - Kazakhstan Temir Zholy, KazMunayGaz, Samruk-Energo, KazPost, Tau-Ken Samruk, Kazakh Air.

Sources:

http://www.akorda.kz/ru/events/astana_kazakhstan/participation_in_events/uchastie-v-ceremonii-otkrytiya-mezhdunarodnogo-finansovogo-centra-astana

https://primeminister.kz/ru/news/all/vistuplenie-bakitzhana-sagintaeva-na-forume-astana-finance-days-16812