6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2024

Commission File Number: 001-41921

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Joint Stock Company Kaspi.kz

(Translation of registrant’s name into English)

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(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

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EXPLANATORY NOTE

On March 25, 2024, Joint Stock Company Kaspi.kz (the “Company”) issued an announcement, furnished as Exhibit 99.1 hereto, confirming the voluntary delisting of its American depositary shares and Rule 144A global depositary receipts from the London Stock Exchange.

This report of foreign private issuer on Form 6-K (this “Form 6-K”) is incorporated by reference into the Company’s registration statement on Form S-8 (File No. 333-276609).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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EXHIBIT INDEX

The following exhibit is furnished as part of this Form 6-K:

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EX-99.1

Exhibit 99.1

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT AND NOT AN OFFER TO SELL OR AN INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES NOR A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS OR PROSPECTIVE INVESTORS SHOULD NOT MAKE INVESTMENT DECISIONS ON THE BASIS OF ITS CONTENTS.

FOR IMMEDIATE RELEASE.

25 March 2024

Joint Stock Company Kaspi.kz

Cancellation of Listing of ADSs and Rule 144A GDRs

Joint Stock Company Kaspi.kz (LSE: KSPI in respect of the ADSs and LSE:80TE in respect of the Rule 144A GDRs) (“Kaspi.kz” or the “Company”), announces that, further to the Company’s announcement on 26 February 2024, the cancellation of listing of the ADSs and the Rule 144A GDRs was completed today, 25 March 2024.

Cancellation of listing of ADSs and Rule 144A GDRs

As noted in the Company’s announcement on 26 February 2024, the listing of the ADSs and the Rule 144A GDRs on the standard listing segment of the official list of the FCA (the “Official List”) and the admission to trading of the ADSs and the Rule 144A GDRs on the London Stock Exchange’s main market for listed securities (the “Main Market”) have been cancelled, in each case with effect from 8:00 a.m. on Monday, 25 March 2024.

Capitalised terms used but not defined in this announcement have the meanings given to them in the announcement by the Company on 26 February 2024.

The information contained in this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK Market Abuse Regulation. By the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is David Ferguson, Head of Investor Relations.

The LEI of Kaspi.kz is 2549003YU6FARG8OAZ13.