Kenes Rakishev, the main owner of Fincraft Resources, will miss out on dividends for the second consecutive year as shareholders decided not to distribute profits for 2025 due to a loss of over half a billion tenge, reports infohub.kz.
At the general shareholders' meeting, Fincraft Resources approved its 2025 financial statements and resolved not to accrue dividends on common shares. According to the approved statements, the company's consolidated loss for 2025 amounted to 547.3 million tenge, while the unconsolidated loss was 503.1 million tenge.
Some shareholders opposed the decision: 12.59 billion votes were cast in favor of skipping dividends, while shareholders with 213.9 million votes voted against. This marks the second year in a row that the company has not paid dividends on common shares. Earlier, Kursiv reported that Fincraft Resources also did not distribute profits to common shareholders in 2024 and 2025.
Meanwhile, the company continues to pay dividends on preferred shares. In July 2026, Fincraft Resources announced a dividend payment of 392.6 million tenge on preferred shares for the period from July 2025 to July 2026. The dividend amounted to one tenge per preferred share.
As of early July 2026, 78.85% of Fincraft Resources shares were held by Fincraft Group, with another 15.72% held by BTA Bank. The ultimate beneficiary is businessman Kenes Rakishev, who ranks 27th in the Forbes Kazakhstan list of the richest Kazakhs with a fortune of $402 million.
Earlier, the company reported a loss of 547.3 million tenge for 2025, compared to a loss of 4.2 million tenge the previous year. At the meeting, shareholders also approved the 2025 financial statements and noted that no shareholder complaints about the company or its officials had been received during the year.