The owner of the ADK shopping and entertainment center, Alexander Chukreev (ranked No. 32 in the list of the richest businessmen in Kazakhstan in 2024), and his son Nikolai Chukreev will be distributing dividends of approximately 1 billion tenge for the third quarter of 2024. This pertains to the allocation of net profits from the activities of the real estate investment fund "RETAM," which is controlled by the Chukreev family.
The total amount for common stock dividends will be 915,642,000 tenge (140,000 tenge per share), while for preferred shares it will be 174,384,000 tenge (80,000 tenge per share). The payment date is February 7.
It was previously reported that for the second quarter of 2024, shareholders of the "RETAM" investment fund had already distributed dividends for common and preferred shares amounting to 1,162,720,000 tenge and 242,200,000 tenge, respectively. A similar amount was allocated for the first quarter as well.
Thus, over three quarters of 2024, the Chukreevs received approximately 3.9 billion tenge.
According to financial reports, the "RETAM" investment fund earned only 3.6 billion tenge from January to September 2024.
The real estate investment fund "RETAM" was registered on November 12, 2013, in Almaty. Its primary activity involves leasing spaces in the "ADK" shopping and entertainment center in Almaty and the "ADK" shopping center in Ust-Kamenogorsk. The total commercial area is 30.3 thousand square meters.
Based on official information, the "RETAM" investment fund is 90% owned by Alexander Chukreev and 10% by his son Nikolai.
Forbes Kazakhstan ranked Alexander Chukreev 32nd in the list of "75 Richest Businessmen in Kazakhstan" and 11th in the list of "15 Largest Commercial Real Estate Owners in Kazakhstan" in 2024. His net worth is estimated at $290 million.
Alexander Chukreev is also a founder of LLP "Stell" and LLP "Dalproduct," which are involved in wholesale food trading. Additionally, he co-owns companies with his son Nikolai that focus on bottling and distributing non-alcoholic beverages and mineral water. The product line includes brands such as Dizzy Energy, Riks lemonades, and "Zlatoyar," as well as drinking water brands Arzu Life Fitness and Asem Ai Saryagash.