KazMunayGas Pays Out Over 300 Billion Tenge in Dividends

KazMunayGas has completed dividend payments to shareholders for 2024, totaling just over 300 billion tenge,  Orda.kz reports.

According to a disclosure on the Kazakhstan Stock Exchange (KASE), the national oil and gas company transferred 300 billion 1 million 855.9 thousand tenge as of June 25.

In 2024, KazMunayGas reported total earnings exceeding 1 trillion tenge. 794 billion tenge will be retained for the company’s future development, while shareholders received approximately one-third of the net profit, 491.71 tenge per share.

As of April 1, KazMunayGas’s shares were primarily held by the Samruq-Qazyna National Welfare Fund (67.82%), followed by the Ministry of Finance (20%) and the National Bank of Kazakhstan (9.58%).

Earlier, Orda.kz reported that senior executives at KMG were paid more than 705 million tenge in 2024.

Original Author: Nikita Drobny