September 02, 2014 5:15 AM ET

Capital Markets

Company Overview of Samruk-Kazyna National Welfare Fund JSC

Company Overview

JSC Samruk-Kazyna National Welfare Fund is a private equity arm of Republic Of Kazakhstan specializing in turnarounds. JSC Samruk-Kazyna National Welfare Fund is based in Astana, Kazakhastan.

Kabanbai batyr, 19

blocks А, С, Е

Astana,  010000

Kazakhstan

Phone:

7 7172 79 05 98

Fax:

7 7172 79 04 00

Key Executives for Samruk-Kazyna National Welfare Fund JSC

Chief Executive Officer
Age: 48
Deputy Chief Executive Officer of Samruk-Kazyna” JSC and Member of Management Board
Age: 43
Deputy Chief Executive Officer of “Samruk-Kazyna” JSC and and Member of Management Board
Age: 34
Managing Director and Member of Management Board
Age: 49
Compensation as of Fiscal Year 2014.

Samruk-Kazyna National Welfare Fund JSC Key Developments

Investors Reportedly Eye Sekerbank

Three banks from the Middle East & Gulf region are interested in acquiring stake in Sekerbank Turk Anonim Sirketi (IBSE:SKBNK), Hurriyet reported. Potential bidders wants to buy the Sekerbank stakes held by Samruk-Kazyna National Welfare Fund JSC (21.93%) and Sekerbank Pension Fund(33.98%). Smaruk-Kazyna's subsidiary BTA Securities JSC also holds an 11.7% stake in Sekerbank. Potential bidders include Mashreqbank psc (DFM:MASQ), and banks from Qatar and Bahrain, the daily said without naming the other two. Talks between the potential buyers and Sekerbank shareholders are underway, according to the daily. Sekerbank's shareholders found the price initially offered by potential buyers unsatisfactory and collected new bids in a second round, Hurriyet said. Smaruk-Kazyna wants to divest its all shares (33.6%, including BTA's stake) and exit the local lender but potential buyers want to acquire a majority stake in the local lender.

Kazakhstan To Privatize 106 Companies

The Government of Kazakhstan has approved the final list of companies of Samruk-Kazyna National Welfare Fund JSC, which is subject to privatization.The Fund said different stakes of 106 companies of the Fund will be sold to the private sector. In particular, in 2014-2016 it is planned to offer different stocks of shares and ownership interests in 94 subsidiaries of Samruk-Kazyna. 28 companies in the structure of JSC National Company Kazakhstan Temir Zholy, 23 companies of joint Stock Company National Company KazMunayGas, 21 subsidiaries of Joint Stock Company Kazakhstan Engineering National Company, 10 subsidiaries of Samruk-Energy Joint Stock Company, 7 of Joint-Stock Company "National Atomic Company "Kazatomprom"; 2 of Joint Stock Company Kazakhstan Electricity Grid Operating Company; are subject to full or partial privatization. In addition, it is planned to sell shares of Maikainzoloto, Kazakh Research Institute of Energy and FN Management LLP as part of Samruk-Kazyna.

Samruk-Kazyna Announces Extension of Management Board

The Board of Directors of Samruk-Kazyna on a meeting chaired by Kazakhstan's Prime-minister Serik Akhmetov took a decision to extend the Fund's Management Board by way of incorporating a Chief Development Officer. Thus, the fund's Management Board has been extended to 6 members as follows: CEO O. Shokeev, deputy CEOs Elena Bakhmutova and Dauren Erdebay, CDO Berik Beisengaliev, as well as managing directors members of Management Board Nurlan Rakhmetov and Talgat Sarsenbaev, whose positions according to the new structure were defined as Financial Director (FD), and CLO Chief Law Officer.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 13, 2014
Temirbank Joint Stock Company
Merger/Acquisition
December 23, 2013
BTA Bank JSC
Private Placement
October 11, 2013
Tau-Ken Samruk JSC
 

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