In London, at Kazakhstan Equity Capital Market Day, representatives from international banks, Kazakhstan’s public companies, and brokers gathered to discuss the investment potential of Kazakhstan’s stock market.
KEGOC’s Managing Director for Economics and Finance, Aigul Akimbayeva, presented an overview of the company’s operations and shared insights on conducting an IPO and SPO on Kazakhstan's stock exchanges.
She highlighted the company's key role in the industry, noting that KEGOC serves as the system operator for Kazakhstan's electricity grid, owning and managing the high-voltage transmission network. KEGOC adheres to a balanced energy infrastructure development programme aimed at meeting economic needs and preparing to integrate new planned capacities into the energy balance. A top priority is the company’s commitment to fulfilling its obligations to investors and shareholders.
KEGOC shares are traded on Kazakhstan’s stock markets. The company’s initial public offering (IPO) on KASE took place in 2014, followed by a secondary public offering (SPO) in 2023. Currently, 15% of KEGOC shares are in free float and are listed on two Kazakh stock exchanges – KASE and AIX.
KEGOC also has an attractive dividend policy, allocating at least 60% of net profit to dividends, which are paid twice a year. Considering the growth in share price (from USD 1.04 at the IPO to USD 3.15 as of 15 October this year) and dividends paid, the stock’s total return over 10 years has reached 410%, averaging around 41% annually.
The company's strong market position, clear strategic vision, stable growth in operational and financial indicators, excellent dividend history, and high ratings make KEGOC a reliable investment instrument.
"The potential for KEGOC's share price growth is linked to improving financial performance. Profit for 2024 is expected to reach USD 113.2 million, with a forecast of around USD 122 million for 2025. KEGOC will continue enhancing its operations to achieve high financial performance for the benefit of both the state and company shareholders," noted Aigul Akimbayeva.