November 24 of 2010, Rixos Almaty Hotel, Almaty
Today, the Stock Market of Kazakhstan: IPO on the KASE forum has started the first day of its work in Almaty. The forum is organized by the Regional Financial Center of Almaty (RFCA) JSC and Kazakhstan Stock Exchange (KASE) JSC under support of the Agency of the Republic of Kazakhstan for Regulation of Activities of the Regional Financial Center of Almaty, Kazakhstan Financiers Association LEA, and Asset Managers Association LEA.

The forum participants will focus on discussion of the role of an IPO by national companies on the KASE in post-recession development of Kazakhstan, terms of arranging an IPO on the KASE, and investment potential of the Kazakhstani stock market.

The forum organizers believe the time has come for Kazakhstan to take effective action to develop the Kazakhstani stock market. The initial offering of the blue chips in the domestic market will add to facilitating the post-recession economic development of the country and strengthening the competitive advantages of Kazakhstan. This will be attained due to expansion of the funding base for the real sector enterprises through involvement in the said base of the resources accumulated in the country, and through foreign investments inflows. Many experts assess the domestic investment potential of the Kazakhstani investors as positive as well.

Moreover, in the opinion of the organizers, it is important that the companies, comprising the National Welfare Fund Samruk-Kazyna’s structure, will be listed on the KASE, even if they are not planning an IPO in the coming few years. This will considerably allow improving the evaluation of transparency of their activities by international and domestic experts. Large national companies must become an example in the area of corporate governance, information disclosure, and ensuring a minimum required number of the floated stocks.

The forum will be held for two days. Panel discussions with the participation of the heads of government agencies, national companies, large and medium businesses, financial organizations and international investment funds will be conducted on November 24.

The master classes IPO & Roadshow, Increasing the IR Efficiency: Principles of Working with the Investors, and Communication Support of an IPO in Kazakhstan will be conducted for the companies-issuers in the Academy of the Regional Financial Center of Almaty on November 25.

If any questions, please contact us:
The Regional Financial Center of Almaty JSC,
Zhanna Amershina: Tel. (727) 311 09 31, Ext.165, +7 701 530 60 90 (cell phone), amershina@rfca.kz, or

Agency of the Republic of Kazakhstan for Regulation of the RFCA Activities
Gulmira Arbabayeva: Tel. (727) 244 95 00, Ext.1129, arbabayeva@rfca.gov.kz, or

The Kazakhstan Stock Exchange JSC,
Gulnara Akhmedova, Tel. (727) 237 53 08, pr@kase.kz