Achit-Ikht LLC, a member of the London Metal Exchange and a Mongolian national producer, has started issuing preferred shares and paying dividends to its targeted beneficiaries, the company’s employees and the employees of Erdenet Mining Corporation, since 2019 as part of its social responsibility – with a motto “Resource Benefits for All Employees”.

Achit-Ikht LLC has paid its 11th quarterly dividends to its preferred shareholders on time despite the country’s difficult economic situation due to the coronavirus pandemic that has lasted for more than a year.

The company’s preference shares have a guaranteed interest rate of 30 percent per annum, pays quarterly dividends and the process is a measure the company is taking to provide additional financial income to its employees.

“Achit Ikht” LLC has been paying over 220 billion MNT in taxes and fees to the state and local budgets on time, regularly, and has been operating without any violations. By issuing preferred shares, it has set a good example for large national companies and demonstrated that it is viable to pay high-yield dividends to employees.