Mr Nursultan Nazarbayev, President of the Republic of Kazakhstan - today opened the markets at the London Stock Exchange -
Mr Nazarbayev was accompanied by key members of the Kazakh government and representatives of leading UK and Kazakh financial institutions, including London-listed companies with significant interests in Kazakhstan, Kazakhmys PLC and JSC Kazmunaigas.
The event formed part of the programme for Mr Nazarbayev's official visit to the UK, and marks a strengthening - relationship between the UK and Kazakhstan's - financial markets.
This relationship was formalised by the signing of a co-operation agreement between the London Stock Exchange and the Regional Financial Centre of Almaty (RFCA). The Exchange and the RFCA will hold a Central Asian Capital Markets Conference in Almaty on 1-2 February 2007.
Four Kazakh companies are currently listed on the London Stock Exchange’s Main Market, and a further 10 companies with operations in Kazakhstan are quoted on AIM -
Kazakh companies have raised a total of $4.2 billion, most recently JSC Kazkommertsbank, on the Main Market and AIM in the past two years -