Kazatomprom’s Capitalization Has Reached $4.7 Billion Mark

The company summarized the results of 2020

According to the company’s press service, the Samruk Kazyna Foundation’s head Akhmetzhan Esimov reviewed the results. 

Despite the shrinking demand because of the COVID-19 pandemic, the company achieved good financial and industrial results in 2020. Last year, Kazatomprom was able to raise dividend payout by 24% if compared to 2019.

As the company’s CEO Galymzhan Pirmatov said, despite the crisis Kazatomprom’s market share has risen. Also, the company’s IPO and SPO generated huge interest from various investors. The total capitalization of Kazatomprom has risen from three billion U.S. dollars to $4.7 billion.

Kazatomprom was able to obtain about $790 million during the IPO and SPO when the company sold its shares and global depositary receipts. All of the money was transferred into the National Fund.

As the Kursiv edition wrote earlier, those investors who took a risk last year became winners. They decided to buy corporate equities and have chosen “right” public companies. For example, by buying the shares of Kazatomprom and Kcell last spring and selling them later, investors were able to earn about one million tenge ($2379) (broker’s fee not included).

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