April 19, 2014 2:38 PM 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: 47
Deputy Chief Executive Officer of Samruk-Kazyna” JSC and Member of Management Board
Age: 42
Deputy Chief Executive Officer of “Samruk-Kazyna” JSC and and Member of Management Board
Age: 33
Managing Director and Member of Management Board
Age: 48
Compensation as of Fiscal Year 2013.

Samruk-Kazyna National Welfare Fund JSC Key Developments

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.

Samruk-Kazyna To Divest Non-Core Assets

Samruk-Kazyna National Welfare Fund JSC seeks to divest 75 non-core assets and facilities in 2014-2015, the press service of the Fund reported. Samruk-Kazyna National Welfare Fund’s Chairman of the Board, Umirzak Shukeev said: “This will give us an opportunity to get rid of non-core losses of KZT 5.7 billion.” Managing Director of Samruk-Kazyna National Welfare Fund said that in the next two years the company will get rid of 30 assets and 45 objects.

Samruk-Kazyna Board Reduces to Eight Directors

The Kazakh government has approved a new board of directors at National Welfare Fund Samruk-Kazyna. According to the government's resolution Samruk-Kazyna board of directors is reduced to eight from eleven members. Kazakh Prime Minister Serik Akhmetov has been appointed chair of the board of directors. Other members include Yerbol Orynbayev, an assistant to the Kazakh president; Bakhyt Sultanov, the deputy prime minister and minister of finance of Kazakhstan; Yerbolat Dosayev, the minister of economy and budget planning; and Umirzak Shukeyev, the chair of the management board at Samruk-Kazyna. Alexander Mirtchev, Richard Evans and Nigel John Stapleton are now independent directors of Samruk-Kazyna.

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