Dividend policy
The aim of Kazakhtelecom JSC’s dividend policy is to ensure a balance of interests of the Company and shareholders, predictability and transparency of approach in determining the amount of dividends, terms and procedure of their payment.
The main principles of the Company’s dividend policy are the principle of ensuring guaranteed payment of dividends for the entire outstanding block of shares and the principle of ensuring financing of the Company’s activity, including financing of new types of activity and investment projects implemented at the Company’s expense.
The amount of dividends payable depends on the financial and economic condition of the Company, which is determined on the basis of financial stability and liquidity indicators.
The number of dividends proposed for payment by the Company is determined in accordance with the dividend calculation methodology set forth in the Regulations on the Dividend Policy of Kazakhtelecom JSC approved by decision of the extraordinary General Shareholders Meeting (Minutes No. 49 of 18.01.2013), as amended by decision of the extraordinary General Shareholders Meeting Kazakhtelecom JSC No. 51 of 27 December 2013. The final decision on the size of dividends shall be taken by the General Shareholders Meeting.
In 2022, according to the decision of the Extraordinary General Shareholders Meeting (Minutes No. 75 of October 31, 2022), 43.53% of the 2021 consolidated undistributed profit attributable to owners of the parent company was earmarked for dividend payout.