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23 April 2014
Meeting with Chairman of the Board of Samruk-Kazyna National Welfare Fund Umirzak Shukeyev


The current performance of the Fund, the tasks for the upcoming period and the progress of realization of instructions given by the President were discussed at the meeting.

The President instructed to complete the Fund’s transformation programme by this September, hold discussions at the fund’s corporate bodies and submit it to the Government for approval.

Nursultan Nazarbayev also noted that upcoming selling of the Fund’s medium and small companies should be maximum transparent and held at fair market prices.  

Umirzak Shukeyev reported to the President on the course of preparation for the Fund’s transformation programme, which includes both the change of corporate centre management policy and the Fund’s daughter companies’ business.

Moreover, Umirzak Shukeyev briefed on the ongoing work within the framework of the new stage of privatisation. In particular, more than 200 companies should be withdrawn from the Fund. In addition, KEGOC will offer 10 per cent of its stocks to be placed at the People’s IPO.

Following the meeting, the President gave a number of concrete instructions.  

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