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Photo by Danial Okassov©
Cost of People's IPO shares to be announced in August

Our experts are currently working on defining the cost of the shares. It will be known by August after it is approved by the board and the government: expert.

Cost of People's IPO shares to be announced in August
Samruk Kazyna HQ. © Vladimir Dmitriyev
Samruk to consider exiting BTA following the 2nd debt restructuring

The mid-term strategy is for the Fund to exit the [earlier bailed out] banks.

Samruk to consider exiting BTA following the 2nd debt restructuring
Samruk-Kazyna headquarters in Astana. Photo by Vladimir Dmitriyev©
Only 19 percent of Samruk-Kazyna employees improved qualification

Only 19 percent of the production personnel of Samruk-Kazyna companies have undergone trainings to improve their qualifications.

Only 19 percent of Samruk-Kazyna employees improved qualification
Finance Minister suggests a ban for national companies to borrow from external sources

The Minister reminded that the ceiling for sovereign debt set within the Common Economic Space of Kazakhstan, Russia and Belarus stands at 60% of the GDP.

Finance Minister suggests a ban for national companies to borrow from external sources
Samruk-Kazyna headoffice. Photo by Vladimir Dmitriyev©
Samruk-Kazyna decided on main development directions

Samruk-Kazyna National Welfare Fund has defined the main directions of its development.

Samruk-Kazyna decided on main development directions
Photo by Yaroslav Radlovskiy©
Samruk-Kazyna and Indonesian Multistrada agreed on tire plant in Kazakhstan

Samruk-Kazyna National Welfare Fund and Indonesian company Multistrada have agreed on construction of a tire factory in Kazakhstan.

Samruk-Kazyna and Indonesian Multistrada agreed on tire plant in Kazakhstan
Photo courtesy of kmg.kz
KazTransOil to float its shares within People’s IPO in September

www.halyk-ipo.kz website has been launched recently to provide news on the Program, informing visitors on the participating companies and securities market basics.

KazTransOil to float its shares within People’s IPO in September
Chairman of Samruk-Kazyna National Welfare Fund Umirzak Shukeyev. Photo by Yaroslav Radlovskiy©
BTA is our bank and we will support it: Shukeyev

Chairman of Samruk-Kazyna National Welfare Fund commented the statements of bankers about the future of BTA Bank.

BTA is our bank and we will support it: Shukeyev
Samruk-Kazyna office. Photo by Vladimir Dmitriyev©
Samruk-Kazyna will cut over 4,000 jobs in 2 years

Samruk-Kazyna National Welfare Fund will cut over 4,000 jobs in two years.

Samruk-Kazyna will cut over 4,000 jobs in 2 years
Kashagan oil field. ©REUTERS
Kazakhstan still expects first oil at Kashagan before the end of 2012

According to KMG, the Company plans to invest $8 billion into the project before 2014, with the total of investments into a range of projects standing at $20 billion.

Kazakhstan still expects first oil at Kashagan before the end of 2012
KazMunaiGas headquarters. Photo by Danial Okassov©
KazMunaiGas National Oil and Gas Company to join the top 30 global oil majors by 2022

As of now the Company is among the top 50 global oil and gas companies.

KazMunaiGas National Oil and Gas Company to join the top 30 global oil majors by 2022
Construction in Astana. Photo by  Danial Okassov©
Samruk-Kazyna announced terms of Affordable Housing Program

Samruk-Kazyna real estate fund has published the terms for participation in Affordable Housing Program.

Samruk-Kazyna announced terms of Affordable Housing Program
Chairman of Samruk-Kazyna National Welfare Fund Umirzak Shukeyev. Photo courtesy of flickr.com
Samruk-Kazyna will monitor labor relations in companies

Samruk-Kazyna is going to launch an Internet portal to timely identify problems in labor relations in different companies.

Samruk-Kazyna will monitor labor relations in companies
vesti.kz
Government and Samruk-Kazyna to submit final plan on People’s IPO within 10 days

I believe the efforts to raise general public’s awareness of the IPO have been inadequate: PM Massimov.

Government and Samruk-Kazyna to submit final plan on People’s IPO within 10 days
Umirzak Shukeev. By Yaroslav Radlovsky ©
Russia to send its oil to Kazakhstan duty free before 2014

After 2014 the two nations will be relying on swap operations: Samruk Kazyna Sovereign Wealth Fund Head Umirzak Shukeev.

Russia to send its oil to Kazakhstan duty free before 2014
samruk-energy.kz
Kazakhstan and South Korea to sign a package of agreements on Balkhash thermal plant

Kazakhstan’s President Nursultan Nazarbayev is to visit South Korea in March 2012.

Kazakhstan and South Korea to sign a package of agreements on Balkhash thermal plant
Umirzak Shukeev. By Yaroslav Radlovsky ©
KazMunaiGas may merge with KazMunaiGas Exploration and Production

In the nearest future we will consider all possible optimization options within Samruk-Kazyna: Umirzak Shukeev, Head of the Samruk-Kazyna Sovereign Wealth Fund.

KazMunaiGas may merge with KazMunaiGas Exploration and Production
Umirzak Shukeev. RIA Novosti©
Samruk-Kazyna not seeking to pin-pointedly sack relatives of mighty people: Fund’s Head

January 27, 2012 President Nazarbayev instructed Umirzak Shukeev, Head of Samruk-Kazyna Sovereign Wealth Fund, “to optimize the headcount of ministries, regional governors’ offices”.

Samruk-Kazyna not seeking to pin-pointedly sack relatives of mighty people: Fund’s Head
©Yaroslav Radlovsky
Samruk-Kazyna instructed national companies to help BTA Bank out

Umirzak Shukeyev, Chairman of Samruk-Kazyna, encouraged national companies to support BTA Bank by opening accounts and deposits in the finance institute.

Samruk-Kazyna instructed national companies to help BTA Bank out
Administrative center of Astana. astana.kz
President Nazarbayev instructs to optimize national companies

Mr. Shukeev has seen how many highly-paid penpushers are employed with companies that are part of the Samruk Kazyna Fund: Nazarbayev.

President Nazarbayev instructs to optimize national companies