The Board of Directors of KazTransOil JSC proposed the annual General Meeting of Shareholders of KazTransOil JSC to allocate an amount of KZT10 bln. from the Company's consolidated net income of KZT50.6 bln. for the payment of dividends based on the results of 2021. The remaining amount of KZT40.6 bln. is recommended not to be distributed and left at the disposal of KazTransOil JSC. The amount of the dividend for 2021 per one ordinary share is proposed to be determined at the level of KZT26.
These recommendations are explained by the need to fulfill the Company's obligations to implement the investment program; a significant increase in expenses associated with an increase in the level of wages of employees of separate structural divisions of KazTransOil JSC, as well as expenses for paying for the services of service companies.
The Annual General Meeting of Shareholders of KazTransOil JSC is scheduled for May 19, 2022.
