Samruk-Kazyna

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Samruk-Kazyna
Type Joint stock company
Predecessors Samruk and Kazyna
Founded 2008
Headquarters Astana, Kazakhstan
Key people Umirzak Shukeyev
Total assets $78 billion[1]
Owners Government of Kazakhstan
Website http://www.samruk-kazyna.kz/

Samruk-Kazyna (Kazakh: Самұрық-Қазына, Russian: Самрук-Казына), officially known as the National Welfare Fund "Samruk-Kazyna", is a sovereign wealth fund and joint stock company 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.[2] It was created in October 2008 with the merger of two funds, "Samruk" and "Kazyna", by decree of the president of Kazakhstan, Nursultan Nazarbayev. Timur Askarovich Kulibayev is the Chief Executive Officer and Chairman of the Management Board. Samruk-Kazyna controls $78 billion in assets, or nearly 56% of GDP.[1] Kazakhstan’s government expects assets held by its sovereign wealth fund to reach $100 billion by 2015.[3]

In 2013 Aftenposten quoted Denis Jivaga (a human rights activist and lawyer) saying that there is an "oil fund in Kazakhstan, but nobody knows how the income is spent".[4]

Organizations owned by Samruk-Kazyna[edit]

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.[5]

See also[edit]

Notes[edit]

  1. ^ a b "Republic of Kazakhstan: 2011 Article IV Consultation--Staff Report; Supplement; and Public Information Notice; IMF Country Report 11/150; June 1, 2011" (PDF). Retrieved 2014-02-02. 
  2. ^ [1][dead link]
  3. ^ "Kazakhstan Expects Oil Fund to Reach $100 Billion by 2015". The Gazette of Central Asia (Satrapia). 28 Aug 2012. Retrieved 30 August 2012. 
  4. ^ Ingrid Fredriksen, Marie Havnen (2013-09-10). "Observatører fra tidligere Sovjet jakter på valg-juks". Aftenposten.no. Retrieved 2014-02-02. 
  5. ^ [2][dead link]
  6. ^ [3][dead link]

External links[edit]