Lesha Bank LLC (Public) acquired the entire share capital of Bereke Bank in the Republic of Kazakhstan

Lesha Bank LLC (Public) is pleased to announce that on 31 March 2024, a sale and purchase agreement was entered into between Lesha Bank and Baiterek NMH JSC for the acquisition of the entire share capital of Bereke Bank in the Republic of Kazakhstan at a price of 65,000,000,000 Kazakh Tenge, which is equivalent to QAR 532,382,681 at the current exchange rate, subject to the terms and conditions of the agreement. The agreement is subject to conditions precedent that the parties must satisfy in order to complete the sale and purchase transaction, including a preliminary condition for the entry into force of the agreement through Baiterek obtaining the necessary approval. This approval, and therefore the entry into force of the agreement, has now been confirmed, noting that the agreement is subject to other conditions precedent for the completion of the sale and purchase transaction, including obtaining the relevant approvals from the competent regulatory and supervisory bodies.