NUR-SULTAN - Kazakhstan's sovereign fund could float stakes in the country's national oil company, flagship airline and biggest telecoms company next year if market conditions are favourable, a senior fund executive said on Thursday.
The oil-exporting Central Asian nation aims to list the stocks on both the London Stock Exchange and on the domestic Astana International Exchange, said Almasadam Satkaliyev, managing director of the Samruk-Kazyna fund.
"Regarding the timing of listings, we mostly look at market conditions," he told reporters.
"Kazakhtelecom and Air Astana are, to a large extent, ready (to be listed)."
The two companies were to be listed this year, but Samruk-Kazyna chose not to press ahead with the plans.
Another Kazakh company, privately owned finance and technology holding Kaspi.kz, pulled a planned initial public offering (IPO) in October.
The listing of KazMunayGaz has been planned for 2020 and Satkaliyev said the company is working with banks on its prospectus.
(Reporting by Tamara Vaal Writing by Olzhas Auyezov Editing by David Goodman) ((olzhas.auyezov@thomsonreuters.com; +7 727 2508 500; Reuters Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
