KazMunayGas to Pay 300 Billion Tenge in Dividends from 2024 Profit
Photo: Gov.kz
The board of directors of the national company KazMunayGas plans to allocate 300 billion tenge from its net profit to pay dividends to shareholders, Orda.kz reports.
According to the company’s statement published on May 5 on the KASE website, the decision on profit distribution will be finalized at the annual general meeting of shareholders scheduled for May 29. In 2024, KazMunayGas earned a total of 1 trillion 94 billion tenge.
The company plans to retain 794 billion tenge for its development and pay around a third to shareholders.
“The amount of dividends for 2024 per common share will be 491.71 tenge,” the national company stated.
If approved by shareholders, the dividend payments will start on June 24.
As of April 1, KazMunayGas shares were distributed as follows: 67.82% held by the National Welfare Fund Samruq-Qazyna, 20% by the Ministry of Finance of Kazakhstan, and 9.58% by the National Bank of Kazakhstan.
This means that nearly all dividend payments will go to state entities.
Meanwhile, KazMunayGas' top executives received over 705 million tenge in remuneration for 2024. Salaries and bonuses for the management board increased by 28% compared to 2023, and board members’ pay rose by 10.9%.
Original Author: Nikita Drobny
Latest news
- Who Will Be Able To Create New Regions In Kazakhstan? Parliament Defines Powers
- Nazarbayev’s Grandson, Freedom Founder And Ordabasy’s Future Owner Among Kazakhstan’s Youngest Richest Businessmen
- Deputy Says Salary Is Not Enough, Asked His Wife To Work
- Kazakhstan Is Buying Fewer Drones, But Paying More For Them
- Kazakhstan And Turkey To Create UAV Production Enterprise — What Else The Presidents Agreed On
- KTZ Top Management Pay Tops One Billion Tenge
- “We Are Being Asked to Approve an Illegal Project”: Environmentalists Demand Halt to Almaty Mountain Development
- Pentagon May Add $400 Million to Kazakh Tungsten Project Linked to Trump’s Sons
- Kazakhstan To Tighten Biometric Authentication Rules
- Kazakhstan To Recruit Public Assistants To Help Prevent Financial Crimes
- AI Could Replace Up To 400,000 Jobs In Kazakhstan, Labor Ministry Says
- Almaty Police Put More Than 3,000 Domestic Violence Offenders On Preventive Register
- Kazakhstan To Introduce Workplace Harassment Liability
- 10 Suspected Of Serious Crimes, Extortion, And Armed Hooliganism Detained In Almaty
- Kazakh Employers To Give Written Notice Of Changes To Working Conditions
- Kazakh Businesses Overpay Nearly 500 Billion Tenge For Employee Insurance, MP Says
- Kazakhstan Does Not Face Road Bitumen Shortage, Energy Ministry Says
- Kazakhstan To Introduce New State Orders And Awards
- How Much Water Will Kazakhstan’s First Nuclear Power Plant Need For Cooling?
- 149th Place And Five Detained Journalists: What Is Happening To Press Freedom In Kazakhstan
