Baiterek Holding holds meeting with S&P representatives

Ersain Khamitov, Deputy Chairman of the Board of Baiterek Holding, recently held a meeting with representatives of the Standard & Poor’s (S&P) international rating agency. The meeting covered the Holding's 10-year strategic vision, its role in executing government-initiated programs, growth prospects for its subsidiaries, and the dividend policy for the coming years.

Representing S&P at the meeting were Zahabia Gupta, Director and Lead Analyst for Kazakhstan, and Franklin Gill, Managing Director and Head of the EMEA Sector. Baiterek Holding was represented by Acting Chairman of the Board Ersain Khamitov and Deputy Chairman Timur Onzhanov.

During the meeting, Ersain Khamitov highlighted that the Holding’s new development plan focuses on supporting Kazakhstan's non-resource sectors, promoting entrepreneurship, and improving access to affordable housing. He also provided forecasts for dividend payments, factoring in current macroeconomic conditions.

“Baiterek Holding will continue to play a pivotal role in transforming Kazakhstan’s economy, acting as a proactive partner for both businesses and the government. Our goal is sustainable development grounded in responsibility to society and a strategic vision that will foster new growth opportunities in non-resource sectors, ensuring the country’s long-term prosperity,” Khamitov said.

It is worth noting that the Holding holds an ESG rating of "3" and a score of 57 from Sustainable Fitch, a long-term "BBB" rating from Fitch Ratings, and a Baa2/Prime-2 rating with a positive outlook from Moody's Investors Service.

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