OREANDA-NEWS. February 09, 2011. Kazkommertsbank announces that its shareholders - Central-Asian Investment Company holding 23.72% of the total number of shares outstanding and Ak Zhalyn, a holder of 0.11% of all the shares allotted and whose sole founder is Central-Asian Investment Company (CAIC), have made a reorganization by merging AK Zhalyn with CAIC, reported the press-centre of KASE.

As a result of the reorganization, CAIC's stake in the Bank's capital has slightly changed:

- Direct holding has increased to 23.83% of total placed common shares;

- Indirect holding has decreased to 7.23% of total common placed shares (shares of the Samruk-Kazyna National Wealth Fund in the trust management of CAIC).

An aggregate holding (direct and indirect) of CAIC in the Bank's capital remains unchanged at 31.06% of total placed common stock.

The merging of Ak Zhalyn with CAIC has not  entailed any changes in control over the Bank and has not affected holdings of other major shareholders - Mr. N. Subkhanberdin, JSC Alnair Capital Holding, the Samruk-Kazyna National Wealth Fund and the European Bank for Reconstruction and Development.

CAIC is a Kazakh holding company through which the management owns shares in the Bank. Its shareholders are Mr. N. Subkhanberdin, Chairman of the Board of Directors of the Bank, and Ms. N. Zhussupova, CEO of the Bank, who own 87.21% and 12.79% respectively.