September 25, 2016 2:12 PM ET

Capital Markets

Company Overview of Samruk-Kazyna National Welfare Fund JSC

Company Overview

Samruk-Kazyna National Welfare Fund JSC is a sovereign wealth fund of the Republic Of Kazakhstan specializing in turnarounds. JSC Samruk-Kazyna National Welfare Fund is based in Astana, Kazakhastan.

Kabanbai batyr, 19

blocks А, С, Е

Astana,  010000

Kazakhstan

Phone:

7 7172 79 05 98

Fax:

7 7172 79 04 00

Key Executives for Samruk-Kazyna National Welfare Fund JSC

Chief Executive Officer, Chairman of the Management Board, and Director
Age: 50
Deputy Chief Executive Officer of Samruk-Kazyna” JSC and Member of Management Board
Age: 45
Deputy Chief Executive Officer of “Samruk-Kazyna” JSC and and Member of Management Board
Age: 36
Managing Director and Member of Management Board
Age: 51
Compensation as of Fiscal Year 2016.

Samruk-Kazyna National Welfare Fund JSC Key Developments

Samruk-Kazyna Seeks To Raise Finance

Samruk-Kazyna National Welfare Fund JSC is planning to raise more than $6 billion from privatizations over the next five years, using the proceeds to help its companies repay debt, the fund's managing director told Reuters. The sale will start with small companies. “The balance sheet value of those assets (earmarked for privatisation) is between $6.0-7.3 billion at the current exchange rate," Beisengaliyev said. “Of course, we plan to raise more than the balance sheet value over the next five years." Stakes in smaller companies such as provincial air terminals or oil equipment plants will go first, by the end of 2017, mostly through electronic auctions. Asked what the proceeds would be used for, Beisengaliyev said, “Clearly, to reduce the debt burden".

Air Astana Mulls Listing

Air Astana JSC is planning to launch an IPO (Initial Public Offering). President, Peter Foster said that the company, held by Samruk-Kazyna National Welfare Fund JSC and BAE Systems plc (LSE:BA.), is likely to launch an IPO in 2017-2018. He said, “We are very pleased with the recent announcement of the government that Air Astana is to be the subject of initial public offering (IPO), probably within 18 to 24 months' time. We think that this would extremely positive for the development of Kazakhstan's financial market and, of course, the capital base of the airline as we grew and expand into the next phase.”

Samruk-Kazyna Appoints Gani Bitenov as Managing Director of Legal Support and Risks

Gani Bitenov was appointed a managing director of legal support and risks in Samruk-Kazyna. Bitenov will oversee legal issues, risks, compliance and corporate governance in the fund and portfolio companies. Bitenov worked in the EBRD, Merrill Lynch International, JPMorgan Chase Bank N.A., Kazatomprom, KazMunaiGas EP, the Development Bank of Kazakhstan (DBK).

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 30, 2015
Sekerbank T.A.S.
 

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