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04.06.2023 21:55

About the new shareholder Joint Stock Company «Investment Financial House «YURTA»

Joint Stock Company "Investment Financial House «YURTA» (formerly IFD «RESMI») was founded in 1997 with the goal of providing the best financial solutions with an individual approach to each client.

For more than 26 years of work in the securities market, the company has proven itself to be a reliable partner and has repeatedly been among the leaders of the exchange market due to innovative management, an effective trust management system, active trading operations and investment banking.

The achieved business parameters allowed the shareholders and the Board of Directors to consider the possibility of exiting the project, fixing the target return on investment parameters.

The company's shares have been listed on the Kazakhstan Stock Exchange since 2007, which further confirms the full transparency and sustainability of the business.

Based on the results of trading on April 4, 2023 at the Kazakhstan Stock Exchange, citizen of the Republic of Kazakhstan Saken User became a new shareholder of IFD YURTA JSC, controlling 100% of the company’s common shares.

Saken User has more than 11 years of successful experience in the stock market, including in leadership positions at Freedom Finance JSC, where he worked until 2022 and today is an independent professional investor and has passed all the necessary regulatory approval procedures in accordance with the requirements of the legislation of the Republic of Kazakhstan .

According to the strategy of the new shareholder, the company will continue to operate under a new brand and management and will focus on improving services and expanding the client base, as well as attracting more client assets, especially large corporate and private investors.

The company also plans to increase its client base for the provision of market-making and underwriting services and intends to take a competitive position in the domestic bond market.

The shareholders and the Board of Directors of the company, headed by Erkin Koshkinbaev, thank all clients and the team of professional employees of the Company for many years of fruitful cooperation and wish them success in the further implementation of their goals.

Erkin Koshkinbaev, as the main shareholder, and management will focus on the further development of a portfolio of projects in the consumer finance sector with a single umbrella brand YURTA, combining: an electronic multi wallet with a linked VISA bank card, payment terminals, payment acceptance services, payment aggregator Onoy in Kyrgyzstan, multi marketplace, providing financial and payment solutions to users, retailers, banks and suppliers of goods and services.

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Teniz Capital Investment Banking JSC recommends to carefully assess the feasibility and risks of investments, taking into account the volatility of market conditions. Ownership of securities and other financial instruments is associated with fluctuations: their value can both increase and decrease. The Company cannot guarantee the profitability of investments and a constant level of income.

Licence ARKFMD No. 3.2.249/19 dated 18.05.2023. Licence ARKFMD No. 4.3.19 dated 16.06.2023.