trending Market Intelligence /marketintelligence/en/news-insights/trending/0c7bln6d4o9ddrqdku2rfg2 content esgSubNav
In This List

KazMunaiGas Exploration Production to repurchase up to 1,905,209 shares

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Infographic: Q4’21 US Battery Storage by the Numbers


KazMunaiGas Exploration Production to repurchase up to 1,905,209 shares

Kazakhstan's JSC KazMunaiGas Exploration Production will repurchase up to 1,905,209 shares at a price of 12,800 Kazakhstan tenge each, according to an Aug. 13 news release.

The price represents a premium of 24.4% to the 30-day volume-weighted average price of preferred shares of 10,292 Kazakhstan tenge as of Aug. 10. The repurchase program, which was approved by the company's board of directors, will run through Nov. 16.

KazMunaiGas EP is a subsidiary of the state-owned KazMunayGas, which is involved in the exploration, production, refining, and transportation of hydrocarbons in the Republic of Kazakhstan and internationally.

As of Aug. 13, US$1 was equivalent to 363.8 Kazakhstan tenge.