With offices in Almaty and Astana, Sayat Zholshy & Partners has been serving its clients for more than two decades. The firm has partnered with the International Finance Corporation over the past three years on developing a corporate governance programme for Kazakhstan. Senior partner Arman Berdalin leads the firm’s Astana office and he is experienced in corporate governance and M&A.
Work highlights
Advised Samruk-Kazyna JSC, Kazakhstan's sovereign wealth fund, in the $370 million IPO of Air Astana through a pioneering triple listing on the London Stock Exchange, Astana International Exchange and Kazakhstan Stock Exchange. The April 2024 transaction, Kazakhstan's first international IPO since 2007, involved comprehensive Kazakhstan law advisory services across regulatory compliance, corporate governance and shareholder arrangements, establishing a significant benchmark for Central Asian companies seeking access to international capital markets.
