List of the Largest Companies in Kazakhstan

Name	Sector	Revenue $mlns	M&A Activity	Last 5 Years
Solidcore Resources Public Astana, Kazakhstan website	Metals/Mining	3,025	-	-	-
Freedom Holding Public Almaty, Kazakhstan website	Financial Services	2,033	2	2	-
Asem-Ai Private Almaty, Kazakhstan website	Beverages	-	-	-	-
Asia Electric PE Backed The Abraaj Group 2012-02-01 Taldykorgan, Kazakhstan website	Energy Services and Equipment	-	-	-	-
Atasu Private Almaty, Kazakhstan website	Transportation	-	-	-	-
Alatau Advance Air Group Private Astana, Kazakhstan	Airlines	-	1	1	-
Arbuz Group Acquired Freedom Holding 2023-06-20 Almaty, Kazakhstan website	Internet Software and Services	-	-	-	-
Caspian Services, Inc. Private Almaty, Kazakhstan website	Energy Services and Equipment	-	-	-	-
Koksay Deposit Acquired KAZ Minerals 2014-04-16 $260M Kazakhstan	Metals/Mining	-	-	-	-
Derzhava PE Backed The Abraaj Group 2011-07-01 Kazakhstan website	Chemicals	-	-	-	-
Fifty Four Media LLP Acquired Dentsu International 2014-05-14 Almaty, Kazakhstan	Media	-	-	-	-
Leasing Group PE Backed The Abraaj Group 2008-08-01 Kazakhstan website	Business Services	-	-	-	-
RG Gold PE Backed Resource Capital Funds 2018-12-18 Nur-Sultan, Kazakhstan website	Metals/Mining	-	-	-	-
Hyrcanian Private Kazakhstan	Oil/Gas Exploration	-	-	-	-
SB JSC HSBC Private Almaty, Kazakhstan website	Financial Services	-	1	1	-
JSC SB RBS (Kazakhstan) Acquired SB JSC HSBC 2010-06-17 $52M Almaty, Kazakhstan	Financial Services	-	-	-	-

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Largest Companies in Kazakhstan