Halyk Savings Bank of Kazakhstan GDR (Reg S)

Halyk Savings Bank of Kazakhstan GDR (Reg S) is a global depositary receipt representing shares of Halyk Bank, Kazakhstan's leading financial institution. This instrument enables international investors to access the bank's equity on global markets, denominated in US dollars under Regulation S for non-U.S. investors, with each GDR equivalent to 40 ordinary shares. Halyk Bank, formerly known as Halyk Savings Bank and rebranded in June 2023, traces its origins to 1923 and serves as a cornerstone of the country's economy, headquartered in Almaty with over 16,552 employees. The bank delivers comprehensive services across retail banking, corporate banking, SME banking, investment banking, insurance, leasing, and asset management, extending operations to Russia, Kyrgyzstan, Tajikistan, Georgia, and Uzbekistan. It supports diverse sectors including agriculture, construction, and trade, catering to individuals, businesses, and financial organizations as part of JSC Holding Group ALMEX. Led by CEO Ms. Umut Bolatkhanovna Shayakhmetova, these GDRs play a vital role in linking Kazakhstan's robust financial sector to the international investment landscape, fostering diversification into Central Asian emerging markets.