Kazakhstan's Air Astana, has unveiled plans to embark on an initial public offering (IPO), Kazakhstan Stock Exchange reported on January 30. The IPO will involve the issuance of 141 mn common shares on the Kazakhstan Stock Exchange (KASE), and notably, citizens of Uzbekistan are invited to participate in this investment opportunity.
A key highlight of this IPO is its inclusive nature, allowing investors from any location to participate. The move underscores Air Astana's commitment to attracting a diverse range of stakeholders to contribute to the airline's future endeavors.
Several prominent financial institutions are actively involved in facilitating this landmark IPO. Among them are Halyk Finance, Freedom Finance Global, BCC Invest, Jusan Invest, and SkyBridge Invest.
Air Astana, founded in 2001, represents a joint venture between Kazakhstan's national holding, Samruk-Kazyna, and the British company BAE Systems. Over the years, the airline has solidified its position as a leading player in the region's aviation industry, with a reputation for excellence. In 2019, Air Astana received recognition as the "Best Airline in the CIS and Central Asia" at the prestigious Skytrax World Airline Awards, a testament to its commitment to delivering top-tier service.
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