Samruk-Kazyna

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Samruk-Kazyna
Native name
Samuryk-Qazyna
Самұрық-Қазына
Joint stock company
Industryoil&gas, energy, mining and metallurgy, telecommunications,transportation, real estate.
PredecessorSamruk and Kazyna
Founded2008
Headquarters
Astana
,
Kazakhstan
Key people
Akhmetzhan Yessimov
Revenue5 124 bln KZT
Total assets$74, 1 billion
OwnerGovernment of Kazakhstan
Number of employees
312,4 thousand
SubsidiariesKazMunayGas, Kazatomprom,Kazakhstan Temir Zholy, Air Astana, Samruk-Energy, Kegoc, Tau Ken Samruk, Kazpost
Websitehttp://www.samruk-kazyna.kz/

Samruk-Kazyna (Kazakh: Samuryk-Qazyna), 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, a number of major companies in the country. This includes the national rail and postal service, the state oil and gas company KazMunayGas, the state uranium company Kazatomprom, Air Astana, and others. The state is the sole shareholder of the fund.[1] 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.[2] Chief Executive Officer and Chairman of the Management Board of «Samruk-Kazyna» JSC-Umirzak Shukeyev. Independent directors- Sir Richard Harry Evans, Alper Akdeniz, Wilhelm Bender.

The fund is a member of the International Forum of Sovereign Wealth Funds[3] 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.[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] 576 subsidiaries and associated companies are included in the Fund's group of companies (as of June 30, 2014).

Privatization[edit]

Samruk-Kazyna implements a privatization drive to foreign investors to further develop a market based economy.[6]

Statistics[edit]

  • Total assets amounted to 74,1 billion US dollars.
  • Consolidated net income to shareholder at the end of 2017 - 601 billion KZT
  • ROE in 2017 - 6.5%
  • ROA in 2017 - 3.2%
  • The number of employees of the holding - 312,4 thousand people

Ratings[edit]

  • Credit rating on liabilities in foreign currency BB+/B
  • Credit rating in local currency BB+/B
  • National scale rating - KzAA-
  • Rating Outlook is «stable»

See also[edit]

Notes[edit]

  1. ^ [1]
  2. ^ Samruk-Kazyna JSC Appoints Bakytzhan Sagintayev as Chairman of its Board of Directors
  3. ^ International Forum of Sovereign Wealth Funds. "IFSWF Our members". Archived from the original on 27 September 2016. Retrieved 24 September 2016.
  4. ^ International Forum of Sovereign Wealth Funds. "IFSWF Santiago Principles". Retrieved 27 September 2016.
  5. ^ http://sk.kz/company/indicators
  6. ^ "Samruk Kazyna Privatisation Drive Offers New Investment Opportunitie". The Astana Times.

External links[edit]