/KASE, August 21, 2024/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated August 21, 2024:
quote
Development Bank of Kazakhstan JSC (a subsidiary of the holding «Baiterek»)
and Prima Kus LLP (hereinafter referred to as the Company) signed an
agreement to open a credit line to finance a project to build the second stage
of a modern poultry complex for the production and processing of broiler meat
in the Almaty region.
This strategically important project is aimed at strengthening the food security
of Kazakhstan and providing high-quality products of local production. It is
planned that after the launch of the factory in 2025, the volume of output will
increase to 26.5 tons of poultry meat per year and will create about 700 jobs.
The total cost of the project is 10,9 billion tenge, the loan amount from the
DBK will amount to 8,4 billion tenge, for up to 9 years, the Company's own
participation – 2,5 billion tenge. The DBK funds will be allocated as part of a
new Program to support investment projects in the agro-industrial complex
(AIC), the food and beverage sector for 2024-2029, which was announced by the
Bank in July this year.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_210824_1.pdf
[2024-08-21]