Samruk-Kazyna

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Samruk-Kazyna
Native name
Samuryk-Qazyna
Самұрық-Қазына
Joint stock company
Predecessor Samruk and Kazyna
Founded 2008
Headquarters Astana, Kazakhstan
Key people
Umirzak Shukeyev
Total assets $78 billion[1]
Owner Government of Kazakhstan
Website http://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, 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. 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.[3] Chief Executive Officer and Chairman of the Management Board of «Samruk-Kazyna» JSC-Umirzak Shukeyev. Independent directors-Alexander Mirtchev, Sir Richard Harry Evans, Nigel John Stapleton.

The fund is a member of the International Forum of Sovereign Wealth Funds[4] 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.[5]

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.[6] 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.[7]

Statistics[edit]

  • Total assets amounted to $100.5 billion.
  • 90% of total assets account for eight largest companies
  • Equity - $49.3 billion
  • Liability - $51.2 billion
  • Income at the end of 2013 - $33.4 billion
  • Net profit for 2013 - $2.9 billion
  • ROE in 2013 - 5.9%
  • ROA in 2013 - 2.9%
  • The number of employees of the holding - 358 thousand people

Ratings[edit]

  • Credit rating on liabilities in foreign currency BBB / A-3
  • Credit rating in local currency BBB + / A-2
  • National scale rating - KzAAA
  • Rating Outlook is «stable»

See also[edit]

Notes[edit]

External links[edit]