Sole shareholder of Subsidiary Bank Alfa-Bank approves annual financial statements and decided not to pay dividends on ordinary shares of the bank for 2021

13.04.22 10:58
/KASE, April 13, 2022/ – Subsidiary Bank Alfa-Bank (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of decisions of its sole shareholder of April 12, 2022: - to approve annual financial statements of the bank and take note of the auditor's report on the annual financial statements; - to approve the following procedure for distribution of the bank's net income for 2021: - not to pay dividends on ordinary shares of the bank based on the results of 2021; - to direct the bank's net income for 2021 to retained earnings of previous years; - to take note of the fact of absence of shareholders' appeals against actions of the company and its executives in 2021; - to take note of the information on the amount and structure of remuneration to members of the Board of Directors and members of the Management Board of the bank. This information is available (in Kazakh and Russian) at – https://kase.kz/files/emitters/ALBN/albn_decision_sole_120422_8612.pdf [2022-04-13]