Baku, Azerbaijan, Sept. 23
By Elena Kosolapova – Trend:
Kazakh oil company Mangistaumunaigas decided to direct all its net income for the first half of 2016 and undistributed income of previous years to payment of dividends in ordinary and preferred shares.
This decision of the company was posted on the website of the Kazakhstan Stock Exchange (KASE).
The cash dividends in preferred shares in the amount of almost 500.01 million tenges (337.78 tenges = $1) will be payable and remitted on Oct. 3. The cash dividends in ordinary shares in the amount of 49.5 billion tenges will be payable and remitted on Oct. 4.
Payments for ordinary and preferred shares are set at 458.95 tenges.
About 8 percent of Kazakhstan's oil and gas production accounts for Mangistaumunaigas.
The company develops 15 oil and gas fields with 1.125 billion tons of initial reserves. Kalamkas and Zhetybai deposits are the company’s major industrial facilities.
The main shareholder of Mangistaumunaigas is Mangistau Investments BV, owned on a parity basis by Kazakhstan's national oil and gas company KazMunaiGas and China's CNPC.
Follow the author on Twitter: @E_Kosolapova
