Dividend policy

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 amount of dividends proposed for distribution by the Company is determined in accordance with the dividend calculation methodology set forth in the Dividend Policy of Kazakhtelecom JSC, approved by the resolution of the Extraordinary General Meeting of Shareholders (Minutes No. 49 dated 18 January 2013), with amendments introduced by the resolution of the Extraordinary General Meeting of Shareholders of Kazakhtelecom JSC dated 27 December 2013 (Minutes No. 51). The final decision on dividend amounts is made by the General Meeting of Shareholders.

In 2024, pursuant to the resolution of the Annual General Meeting of Shareholders (Minutes No. 81 dated 30 April 2024), 24.79% of the consolidated unallocated profit for 2023 attributable to the owners of the parent company was allocated for dividend payments.