ALMEX Holding Considers Secondary Offering to Boost Halyk Bank Share Liquidity

ALMEX Holding Group, the majority shareholder of Halyk Bank, has announced it may conduct a secondary public offering of part of its shares. The company emphasized that this is a routine market step aimed at increasing share liquidity and broadening the investor base, not a sale of the business, Orda.kz reports.

ALMEX will remain the majority shareholder, and the bank’s control structure, governance, and strategy will remain unchanged. The group noted that similar transactions are standard practice in developed markets, including Kazakhstan.

Details of the deal will be disclosed once a final decision is made and the IPO process begins.

The initiative follows rising demand for high-quality banking assets in Kazakhstan. Halyk shares are among the most liquid instruments on both the KASE and AIX exchanges, and expanding the free float could attract more institutional and retail investors, including those abroad.

Halyk conducted a similar placement six years ago, confirming its reputation as a stable public company—without affecting ALMEX’s control.

Original Author: Maria Kravtsova