OREANDA-NEWS. On October 03, 2007 Kazakhstan Bank of Development JSC (Astana, further - the bank), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had provided KASE with the excerpt from decision of in absentia meeting of Directors' board of Fund for stable development Kazyna JSC (Astana), being the sole shareholder of bank, which had taken place on September 13, 2007, reported the press-centre of KASE.

According to the provided document the sole shareholder of bank accepted the next decisions:

- to increase amount of announced shares of bank by 346,693 common  shares and offer them by signing at price of offering KZT50,0 th. per one   common share;

- to register corresponding changes to prospect of announced shares' issue of bank;

- for Fund for stable development Kazyna JSC to purchase shares of bank in amount of 346,693 common shares for total amount of KZT17,334,650,000.00;

- to select as members of Directors' board of bank as independent directors:

  - Akhanov Serik - Chairman of union of juridical entities "Financiers association of Kazakhstan";

  - Ulf Vokurk - deputy Chairman of Board of Kazakhstan holding for state assets management Samruk JSC.