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Stock of Samruk-Kazyna's subsidiaries transferred to Kazakhstan Ministries

12 august 2011, 18:56
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Office of Samruk Kazyna Sovereign Wealth Fund. ©Vladimir Dmitriyev
Office of Samruk Kazyna Sovereign Wealth Fund. ©Vladimir Dmitriyev
Kazakhstan President Nursultan Nazarbayev decreed to transfer stakes in subsidiaries of Samruk Kazyna Sovereign Wealth Fund to Kazakhstan Ministries for management, Kazpravda writes.

Shares of DAMU state fund created to support entrepreneurs are transferred for trust management to the Ministry of Economic Development and Trade. Shares of Kazakhstan Development Bank are now managed by the Ministry of Industry and New Technologies. Shares of Kazakhstan Investment Fund, Kazyna Capital Management and KazExport-Garant Export-Credit Insurance Corporation are also transferred into trust management of the Ministry of Industry and New Technologies.

Rights of ownership and use of the shares of the Distressed Assets Fund are transferred to Kazakhstan Ministry of Economic Development.

Construction Agency and Housing and Community Utilities Agency have received rights of ownership and use of the shares of Kazakhstan Housing Construction Savings Bank, Kazakhstan Real Estate Loans Guarantee Fund and Kazakhstan Real Estate Loans Company.

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