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Samruk-Kazyna

Samruk-Kazyna
Joint stock company
Predecessor Samruk and Kazyna
Founded 2008
Headquarters Astana, Kazakhstan
Key people
Umirzak Shukeyev
Total assets $78 billion
Owner Government of Kazakhstan
Website http://www.samruk-kazyna.kz/

Samruk-Kazyna (Kazakh: Самұрық-Қазына, Samurıq-Qazına, سامۇرىق-قازىنا; Russian: Самрук-Казына), officially known as the National Welfare Fund "Samruk-Kazyna", is a sovereign wealth fund and in Kazakhstan which owns, either in whole or in part, many important companies in the country, including the national rail and postal service, the state oil and gas company KazMunayGas, the state uranium company Kazatomprom, Air Astana, and numerous financial groups. The state is the sole shareholder of the fund. It was created in October 2008 with the merger of two funds, "Samruk" and "Kazyna", by decree of the president of Kazakhstan, Nursultan Nazarbayev. Prime Minister of Kazakhstan Bakhytzhan Sagintayev was appointed as chairman of the board of directors at the National Wealth Fund Samruk-Kazyna JSC by a government resolution dated September 28, 2016. Chief Executive Officer and Chairman of the Management Board of «Samruk-Kazyna» JSC-Umirzak Shukeyev. Independent directors-Alexander Mirtchev, Sir Richard Harry Evans, Nigel John Stapleton.

The fund is a member of the International Forum of Sovereign Wealth Funds and are signed up to the 24 Santiago Principles which are a voluntary standard of best practice endorsed by the members for the management of the Sovereign Wealth Funds.

The following is a partial list of organizations partly or wholly owned by the Samruk-Kazyna fund. The percentage of shares controlled by the fund is indicated in brackets. 576 subsidiaries and associated companies are included in the Fund's group of companies (as of June 30, 2014).

In 2013 the Fund carried out a benchmarking (comparison study of the work) of the Fund and its Subsidiaries with foreign peers. Following the study it was determined that international peer companies obtained more income against the same level of invested capital. Have analyzed the data of carried out study the Fund initiated implementation of the Transformation Program in the same way as it was implemented by the Sovereign Wealth Funds of Malaysia Кhazanah Nasiоnal Berhad and Temasek, Singapore.


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