MangystauMunayGas to Pay Nearly 42 Billion Tenge in Dividends

JSC MangystauMunayGas, controlled by KazMunayGas and the Chinese national company CNPC, announced the payment of dividends, Orda.kz reports.

According to information published on the KASE website, on June 24, MangystauMunayGas shareholders approved the decision to pay dividends for 2024. The total amount is 41 billion 944.2 million tenge.

Corporate income tax and an additional accrued amount of CIT on dividends paid earlier in 2023-2024 — 12.7 billion tenge will be withheld.

As a result, MangystauMunayGas will transfer 22 billion 537.7 million tenge to shareholders. For preferred shares, the payment will take place on June 25 —  1.1 billion tenge (taking into account previously unpaid funds), for ordinary shares — on June 26 —  22.5 billion tenge. 

The sole majority shareholder of MangystauMunayGas is Mangystau Investments BV, which is equally owned by KazMunayGas and China's CNPC.

MangystauMunayGas is developing a number of oil and gas fields in the Mangystau region, including Qalamqas and Jetybay.

The day before, reports emerged that the Chinese company CNOOC Hong Kong Holding Ltd received the right to exploration and production under the Jylyoi project. 

Original Author: Nikita Drobny