Joint Stock Company “National Welfare Fund Samruk-Kazyna”
Joint Stock Company “National Welfare Fund Samruk-Kazyna” is a fund whose sole shareholder is the Government of the Republic of Kazakhstan.
The Fund was established in 2008 by Decree of the President of the Republic of Kazakhstan and operates as a commercial entity—an investment holding—whose mission is to increase the national welfare of the Republic of Kazakhstan and support the modernization of the national economy.
The Samruk-Kazyna Fund fulfills its mission through effective management of its portfolio companies to enhance their long-term value and sustainable development, as well as through catalytic investments in the development of priority sectors of the national economy.
In 2015, the net consolidated profit of Samruk-Kazyna JSC amounted to 304.8 billion tenge, a 30% increase compared to 2014. In that year, the group of companies under Samruk-Kazyna paid taxes and fees totaling 663 billion tenge. Samruk-Kazyna JSC also paid dividends of 34.7 billion tenge to its sole shareholder based on the results of 2014 activities, with other distributions totaling 32.2 billion tenge.
The Fund’s assets total approximately $61.5 billion. Its group companies account for about one-quarter of all investments in Kazakhstan. The holding’s investment portfolio comprises over one hundred projects with a combined value of around $100 million.
In 2016, the Fund continued to invest 98 billion tenge in the development of new and growing companies, and in 2017—63 billion tenge. By 2020, the Fund’s total investments are projected to reach about 215 billion tenge.
The Fund’s assets were planned to grow by 8% to 22.5 trillion tenge in 2016, and by 13% to 23.7 trillion tenge by 2020.
The Samruk-Kazyna group includes enterprises in the oil & gas and transport-logistics sectors, chemical and nuclear industries, mining-metallurgical complex, energy, engineering, and real estate.