Halyk Bank of Kazakhstan Joint Stock Company will convene an Extraordinary General Shareholders’ Meeting on September 25, 2026, to vote on expanding into Islamic banking and associated governance reforms.
The meeting will be conducted by absent voting, in line with Kazakhstan’s Law on Joint Stock Companies, with no in-person gathering required. Shareholder eligibility will be determined from the bank’s register as of the previous Monday. The agenda includes eight items, with the primary focus on obtaining an Islamic banking operation license and establishing an Islamic Financing Principles Council.
The council’s structure will be put to a vote, including the number of members, their term limits, and the election of members. Shareholders will also consider amendments to the bank’s charter and the appointment of an audit firm to review consolidated financial statements for the nine months ending September 30, 2026, as well as quarterly and annual audits for 2027–2028.
Under Kazakh law, absent voting precludes agenda amendments or adjournments, and no follow-up meeting will be held if quorum requirements are not met. Meeting materials will be available at the bank’s Management Board office in Almaty’s Medeu district and on its corporate website in Russian, Kazakh, and English, with delivery within three business days at the shareholder’s expense.
Holders of the bank’s Global Depositary Receipts, whose underlying shares are held by The Bank of New York Mellon, may access voting procedures outlined in Article 12 of the GDR terms and conditions.
