Kazakhstani airline Air Astana reported completing the first stage of its buyback program. The company has repurchased 4.63 million securities out of the 4.78 million planned. The air carrier intends to continue the process, according to Qazaq Association of Minority Shareholders (QAMS).
The company announced the buyback as early as late April 2024. The decision was made 2.5 months after the long-awaited initial public offering (IPO) to reward employees for their «hard work.» Overall, 1.3% of the total capital placed has been bought back.
According to the Kazakhstan Stock Exchange (KASE), Air Astana was repurchasing its shares from early May...