FEAS Yearbook FEAS Yearbook 2024 | 页面 52

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The Federation of Euro-Asian Capital Markets

About Company

Established: 2017

Address: 55/19 Mangilik El st., block C 3.4. Astana

Working hours: 09:00 - 18:00

Contact Name: Zharas Mussabekov

Email: [e-mail]

Website: www.aix.kz

- Joined FEAS in 2018-

Assel Mukazhanova

Chief Executive Officer

Astana International Exchange

Amid2024 has been a breakthrough year for AIX, surpassing all previous milestones and setting a new benchmark for our growth and impact. Last year AIX launched a series of groundbreaking and market-first initiatives designed to meet the dynamic needs of businesses and investors. These initiatives have not only broadened access to capital but have also reshaped Kazakhstan’s investment landscape setting new standards for market excellence.

Let me briefly highlight some achievements and debuts that elevated our business in 2024.

• The number of listings in 2024 was a record high at 140, more than doubling the achievement in 2023. Bond placements remained robust as companies sought alternative financing for growth amid tightening access to traditional capital.

• Several products have been introduced to the market, such as Kazakhstan's first sukuk issued by Gamma-T SPC Limited, marking a milestone in Islamic finance; debut green bonds of the first issuer from Kyrgyzstan, fostering sustainable investments in the region; renewable energy certificates (I-REC) aimed at supporting green energy initiatives; first ETF issued by AIFC-registered investment company.

• A standalone issuance of 2024 is certainly a $1.5bn Sovereign Eurobond of Kazakhstan’s Ministry of Finance, dual-listed on AIX and the London Stock Exchange, with strong local investor participation. The volume of orders on AIX for the Eurobonds amounted to $322m.

Last year was also marked by a 26% increase in the AIX Qazaq Index, which expanded to include KEGOC, Air Astana, and Freedom Holding stocks, further enhancing its representation of the market.

Astana International Exchange is now a solid part of the financial infrastructure in Kazakhstan and beyond, with 54 trading members, including brokers from Kazakhstan, China, Europe and the Middle East, 10 global custodians holding sub-accounts at AIX CSD, world-class technology and a unique ecosystem.

We are looking forward to keeping pace in 2025 and continuing to fuel the development of the stock market by offering new solutions, expanding our CSD and Registrar services, and enhancing our international visibility.

Year in review