Press release

The Board of Directors of “EIC “KazakhExport” JSC approved the Exporters’ Support Policy

A number of topical issues concerning the activity of “Export Insurance Company “KazakhExport” JSC were considered at the in-person meeting of the Board of Directors of the Company held on April 24, 2020 under the chairmanship of the Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov. 

The report of the Board of “EIC “KazakhExport” JSC on implementation of the Corporate Development Plan for 2017-2021 and the report on implementation of the Corporate Development Strategy for 2014-2023 were heard and approved based on the last year results.    

The Board of Directors tentatively approved the Annual Financial Statements of “EIC “KazakhExport” JSC for 2019. The Exporters’ Support Policy of “EIC “KazakhExport” JSC was approved. The Board approved a major deal to support the  export of products of the Kostanay Confectionery “Bayan Sulu” JSC, in cooperation with “Development Bank of Kazakhstan” JSC.

The attendees reviewed proposals on the distribution of the Company’s net income for the previous year and resolved to distribute dividends on ordinary shares in 100% of the net proceeds. 

Background information:  

“Export Insurance Company “KazakhExport” JSC (a member of “Baiterek” NMH” JSC) is a subordinate organization of the Ministry of Trade and Integration of the RoK for promoting exports of non-resource goods and services. Its mission is supporting the growth in exports of non-resource goods, works and services in high-priority branches of the economy and forming the practice of financial, insurance and non-financial support to Kazakhstani enterprises.