<SEC-DOCUMENT>0001104659-25-038195-index.html : 20250424
<SEC-HEADER>0001104659-25-038195.hdr.sgml : 20250424
<ACCEPTANCE-DATETIME>20250424060125
ACCESSION NUMBER:		0001104659-25-038195
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250424
DATE AS OF CHANGE:		20250424

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Joint Stock Co Kaspi.kz
		CENTRAL INDEX KEY:			0001985487
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			1P
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94687
		FILM NUMBER:		25863408

	BUSINESS ADDRESS:	
		STREET 1:		154A NAURYZBAI BATYR STREET
		CITY:			ALMATY
		STATE:			1P
		ZIP:			050013
		BUSINESS PHONE:		7 727 3306710

	MAIL ADDRESS:	
		STREET 1:		154A NAURYZBAI BATYR STREET
		CITY:			ALMATY
		STATE:			1P
		ZIP:			050013

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			European Investors Ltd
		CENTRAL INDEX KEY:			0002035516
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			Y7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		UNIT 1, HOUMET HOUSE
		STREET 2:		RUE DES HOUMETS
		CITY:			CASTEL
		STATE:			Y7
		ZIP:			GY5 7XZ
		BUSINESS PHONE:		44 1481 736098

	MAIL ADDRESS:	
		STREET 1:		UNIT 1, HOUMET HOUSE
		STREET 2:		RUE DES HOUMETS
		CITY:			CASTEL
		STATE:			Y7
		ZIP:			GY5 7XZ
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
Document 1 - file: primary_doc.html

Document 1 - RAW XML: primary_doc.xml

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2512984d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
Document 2 - file: tm2512984d1_ex99-1.htm

</DOCUMENT>
</SEC-DOCUMENT>