Published
06/02/2026, 13:08“Kygyzaltyn” considered the issue of paying shareholders an advance dividend of 8.745 billion KGS. The relevant item was included on the agenda of the extraordinary general meeting of shareholders scheduled for May 26.
This refers to dividends based on the company’s performance for 2026, even though the fiscal year has not yet ended. If the decision is supported by shareholders, the payment will be one of the largest interim dividend payments.
This decision is of particular importance for the state budget. The state is the majority shareholder of Kyrgyzaltyn, so a significant portion of the funds, if paid out, will go to the treasury even before the year-end financial statements are finalized. Specifically, 99.9248% of the shares are held by the State Agency for State Property Management, and another 0.0752% by the Ministry of Finance.
However, it remains unclear exactly what decision the shareholders made. The fact is that a few days after the May 26 meeting, the company announced another extraordinary meeting—on June 5.
The agenda for the new meeting included items on approving the composition of the counting commission, electing a member of the board of directors, and approving the budget for payments to board members and the internal audit department. The issue of dividends is no longer on the new agenda.
Since the meeting at which the payment of 8.745 billion KGS was to be considered was scheduled for May 26, a decision on the matter should already have been made—either approved or rejected. However, as of the time of publication, the company had not disclosed the results of the vote.
In addition to dividends, the May 26 meeting also considered the election of a member of the board of directors, the approval of the budget for remuneration payments to members of the board of directors and the internal audit department, as well as the composition of the company’s counting commission.
