On March 12, the Kazakhstan Stock Exchange (KASE) hosted its annual awards ceremony, recognizing companies contributing to the advancement of the capital market. Notably, subsidiaries of Baiterek Holding – Development Bank of Kazakhstan, Kazakhstan Housing Company, and Qazaqstan Investment Corporation – were among the recipients.
The Development Bank of Kazakhstan was honored with a diploma for its commitment to transparency, reflecting its efforts to enhance accessibility to all stakeholders, particularly the general public. Additionally, the bank received recognition as a leader in the ESG Bond Market category, following its debut placement of "green" bonds valued at 10 billion tenge on March 29, 2023.
Kazakhstan Housing Company and Qazaqstan Investment Corporation were both awarded diplomas in the category of Best Annual Report for 2022.
KASE evaluated various aspects of the reports, assessing a total of 150 criteria. Participation in the competition drew submissions from 21 organizations across financial, non-financial, and non-public sectors.
For reference: Baiterek National Managing Holding is a vital institution within the Government of Kazakhstan, adhering to high standards of corporate governance. It plays a pivotal role in fostering the sustainable development of Kazakhstan's economy through diversification, innovation support, export enhancement, bolstering the agro-industrial sector, and facilitating housing access for people.
The Kazakhstan Stock Exchange stands as the premier stock exchange in Central Asia. It holds the second position among CIS exchanges in terms of securities trading volume and ranks fourth in capitalization within the FEAS exchanges' stock market.
