Kaspi.kz announces AGM outcomes

Today, Joint Stock Company Kaspi.kz, a Kazakhstan-based business services provider with a market capitalization of $17.87 billion, disclosed the outcomes of its annual general meeting (AGM) of shareholders that took place on Sunday. The company, recognized as a prominent player in the Consumer Finance industry according to InvestingPro analysis, filed the results with the U.S. Securities and Exchange Commission (SEC) in a Form 6-K.

The AGM, a key event for Kaspi.kz shareholders, was held to discuss and vote on various corporate matters. The company, trading at a P/E ratio of 9.35 and maintaining dividend payments for five consecutive years, gathered to discuss executive appointments, financial reports, and future strategic directions. While the specifics of the resolutions were not disclosed, InvestingPro data shows the company maintains strong financial health with an overall score rated as "GREAT."

This Form 6-K filing, dated March 31, 2025, is also incorporated by reference into the company’s registration statement on Form S-8, which relates to employee benefit plans. The incorporation by reference is a common practice that allows the company to update its registration statement with the latest information filed with the SEC.

Kaspi.kz’s business address is located at 154A Nauryzbai Batyr Street, Almaty, Kazakhstan. The company’s filings are in accordance with the rules governing foreign private issuers and are a standard requirement for companies with securities listed in the United States.

The filing was signed by Tengiz Mosidze, Kaspi.kz’s Chief Financial Officer, ensuring the company’s compliance with the SEC regulations. The announcement of the AGM results is listed as Exhibit 99.1 in the filing’s exhibit index.

Investors and stakeholders in the company may view this filing as an essential update on Kaspi.kz’s corporate governance and its adherence to regulatory requirements. The results of the AGM could potentially influence the company’s strategic decisions and operations moving forward. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculations, with 8 additional exclusive ProTips available to subscribers, offering deeper insights into the company’s potential.

The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.