Dividend policy

The purpose of the dividend policy of Kazakhtelecom JSC (hereinafter - the Company) is to ensure the 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 dividend payment on the entire block of the Company’s outstanding shares and the principle of ensuring financing of the Company’s activities, including financing of new activities and investment projects implemented at the Company’s expense.

The amount of dividends payable depends on the financial and economic condition of the Company, determined on the basis of financial stability and  liquidity indicators.

The Company determines the amount of dividends proposed for payment in accordance with the dividend calculation methodology set out in the Regulation on Dividend Policy of Kazakhtelecom JSC as approved by the decision of the extraordinary General Shareholders Meeting (Minutes No.49 dated 18 January 2013) as amended and supplemented in accordance with the decision of the extraordinary the Kazakhtelecom JSC’s General Shareholders Meeting No. 51 dated 27 December 2013. The General Shareholders Meeting makes final decision on the dividend amount.

In 2023, pursuant to the resolution of the extraordinary General Shareholders Meeting (Minutes No. 79 dated 27 October 2023), 29.30% of the consolidated retained earnings for 2022 attributable to the parent company’s owners were allocated to dividend payments.