Mr Nursultan Nazarbayev, President of the Republic of Kazakhstan today opened the markets at the London Stock Exchange.
Mr Nazarbayev was accompanied by key members of the Kazakh government and representatives of leading UK and Kazakh financial institutions, including London-listed companies with significant interests in Kazakhstan, Kazakhmys PLC and JSC Kazmunaigas.
The event formed part of the programme for Mr Nazarbayev's official visit to the UK, and marks a strengthening relationship between the UK and Kazakhstan's financial markets. This relationship was formalised by the signing of a co-operation agreement between the London Stock Exchange and the Regional Financial Centre of Almaty (RFCA). The Exchange and the RFCA will hold a Central Asian Capital Markets Conference in Almaty on 1-2 February 2007. For further information about the conference go to www.centralasianipo.com.
Four Kazakh companies are currently listed on the London Stock Exchange’s Main Market, and a further 10 companies with operations in Kazakhstan are quoted on AIM. Kazakh companies have raised a total of $4.2 billion, most recently JSC Kazkommertsbank, on the Main Market and AIM in the past two years.