What are the top 10 companies in Kazakhstan by market value?

2022-06-04 0 By

Kazakhstan’s top 10 companies by market capitalization as of February 16, 2022 include:Kaspi Bank, NC KazMunayGas Holding Company, NAC Kazatomprom Holding Company, Halyk Bank, Altyntau Kokshetau Holding Company, ForteBank, KEGOC, KazTransOilHolding Company, Mangistaumunagas Holding Company, Kazakhtelecom Holding Company.Kaspi Bank, headed by Mikhail Lomtadze, tops the list with $7.52 trillion tenge.Kaspi Bank is the third-largest bank in Kazakhstan.The bank offers innovative financial services and products through the Kaspi.kz application.The bank posted a net profit of 231.5 billion tenge in 2020, up 32.2% from 2019.KazMunayGas Holding Company, with capital of 7.5 trillion tenge, ranks second and is headed by Alik Aidarbaev.The company was formed in 2002 by decree of the President of Kazakhstan through the merger of NOC Kazakhoil CJSC and Oil and Gas Transportation Oil and Gas CJSC.The company accounts for 25% of Kazakhstan’s oil and gas condensate production, 15% of its natural gas and associated gas production, and 56% of Kazakhstan’s oil is transported through its pipelines.The company has more than 60,000 employees.NAC Kazatomprom Holding Company ranks third with a market value of 3.91 trillion tenge.The head of the company is Mazhit Sharipov.The company is the world’s largest producer of natural uranium.Kazatomprom mines uranium only in Kazakhstan and has the industry’s largest stockpile of 300,000 tonnes.Kazakh uranium enrichment provides more than 40 percent of civilian nuclear energy needs and supplies almost every country in the world that operates nuclear power plants.Kazakhstan’s main comprehensive commercial banks ranked fourth on the list with a market value of 1.72 trillion tenge.The head of the bank is Umit Shayahmetova.Halyk Bank is one of the most reliable and diversified financial institutions in Kazakhstan.Halyk Bank was privatised in 2001 and subsequently restructured its operations so that it could offer the widest possible range of quality services to its customers.The bank has maintained a leading position in the Kazakh payment card market.There are more than 9 million bank cards in circulation, accounting for about 40 percent of payment card users in Kazakhstan.”Altyntau Kokshetau” Holding company ranks fifth with a market value of 690 billion tenge.The company is led by Igor Kogay.Altyntau Kokshetau is the main zinc producer in Kazakhstan, with a large share in the production of copper, silver and lead.The company operates in donja, Akamora and Karaganda states.Forte bank ranks sixth with a market capitalisation of 496 billion tenge.The head of the bank is Reinis Rubenis.Forte Bank is one of the leading banks in Kazakhstan and has successfully operated in the banking services market for more than 20 years. It has 20 branches and approximately 100 outlets throughout Kazakhstan.KEGOS Holdings ranks seventh with a market value of 484 billion tenge.The head of the company is Kuanysh Moldabaev.KEGOC, founded in 1996, is the operator of Kazakhstan’s main power grid and of electricity trade between Kazakhstan and its neighbours.The company’s assets include 376 overhead transmission lines with a total length of 26,997.923 km.The company also operates 81 substations with a total installed transformer capacity of 38,746.05mVA.KazTransOil ranked eighth with a total capitalization of 425 billion tenge.The company is led by Sabit Arynov.The company is the state operator of Kazakhstan’s main oil pipeline.It has a diversified network of major pipelines, totaling 5,400 km, to transport oil to Kazakh refineries and for export.In ninth place is Mangistaumunaigas Holding company with market value of 394 billion tenge.The head of the company is Dauletzhan Khasanov.The company was founded in 1963 and is headquartered in Aktau.Mangistaumunaigas is one of the five largest oil and gas companies in Kazakhstan.At number 10 is Kazakhstan Telecom with a market value of 380 billion tenge.The head of the company is Kuanyshbek Yessekeyev.The company is the largest telecommunications company in Kazakhstan and has the status of a national telecommunications operator.Founded in 1994.Since mid-2000, Kazakom has been high on the list of the country’s most profitable companies with annual turnover of tens of billions of tenge.