Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Meeting of Management Council of Samruk-Kazyna Sovereign Wealth Fund chaired by First President of Kazakhstan

Thursday, 14 November 2019, 18:16:40

Meeting of Management Council of Samruk-Kazyna Sovereign Wealth Fund chaired by First President of Kazakhstan

During the meeting, the participants examined the implementation of the instructions given at the Council meeting that took place in May 2019. This was reported by the press service of the First President – Elbasy.

“The Samruk-Kazyna Fund plays a special role in the country's national economy. The Fund is facing great challenges. This year we are holding the second meeting of the Council,” said Elbasy.

At the meeting, reports were presented by the Chairman of the Board of Samruk-Kazyna JSC Akhmetzhan Yessimov, the board chairmen of the KTZh NC Sauat Mynbaev, KazMunayGas JSC Alik Aidarbayev, and the NAC Kazatomprom JSC Galumzhan Pirmatov.

After hearing the information presented, Nursultan Nazarbayev noted that the management of the Fund was able to solve systemic issues and achieve positive dynamics of production indicators.

“Last year, the Fund managed to increase net profit by 88 percent to the level of 2017. This year we are seeing an increase of another 40 percent. For 9 months, the indicators are higher than the annual indicator of the last year. Good dynamics. You are systematically reducing administrative costs and other inefficient costs. This is all evaluated positively,” said the First President of Kazakhstan.

Elbasy stressed the importance of ensuring effective management of state shares in joint ventures.

“The Fund, having received 268 billion tenge of net cash income, gave 70 percent to the state, or 190 billion tenge. This is 2 times more than last year. At the same time, in monetary terms, the amount of dividends increased by 5 times. It is not necessary to limit ourselves to this, it is necessary to continue work in this direction,” Nursultan Nazarbayev said.

The first President of Kazakhstan also pointed to the effectiveness of introducing new mechanisms to stimulate production in unprofitable areas in the oil and gas and chemical industries.

“Through the introduction of mechanisms, a complex of tasks is being solved – from increasing production volumes and solving social problems to increasing the share of required reserves. And the Government needs to study and support these approaches,” said Elbasy.

During the meeting, issues of the Fund’s IPO entry and ensuring the effectiveness of procurement were also discussed.

"Purchases from a single source were almost 1.5 times reduced and the volume of competitive purchases was increased by 4 times. And, as a result, savings have increased. Today it amounts to more than 130 billion tenge,” Nursultan Nazarbayev said.

Noting the positive results of the implementation of the Samruk-Kazyna Development Strategy for 2018-2028, the First President of Kazakhstan pointed out the importance of considering proposals aimed at improving the financial situation of the Fund's companies and further implementing the privatization plan.

Samruk-Kazyna is a national welfare fund. Therefore, we, as the Management Board, as well as the Board of Directors, need to carry out systematic work to increase the confidence of the population and business in the activities of the Fund. Citizens should understand that all this belongs to Kazakhstan and our people,” concluded Elbasy.


News feed
05 August 2020, 13:01
Prime Minister Askar Mamin informed about SK-Pharmacy’s measures to provide drugs to combat COVID-19
04 August 2020, 19:52
Interdepartmental Commission considers issues of Kazakhstan's access to complex of candidate vaccines for COVID-19
04 August 2020, 11:22
2.6 million students to study in distance format from beginning of academic year — Ministry of Education and Science
04 August 2020, 10:11
By new academic year, Government will provide computers to 500 thousand students from most needy families
04 August 2020, 10:03
Positive trend observed in fight against COVID-19 in Kazakhstan
04 August 2020, 10:02
Daily increase in incidence of COVID-19 in Kazakhstan decreased on average by almost one and half times — Ministry of Healthcare
04 August 2020, 09:56
In Kazakhstan, 4,422 schools provided with high-speed Internet over 8 Mbps
03 August 2020, 16:04
Government session to be held Aug. 4 in Ukimet Uyi
03 August 2020, 14:20
New program of Housing Construction Savings Bank "Zhas Otbasy" started July 1 in Kazakhstan
03 August 2020, 14:10
In 2021, Housing Construction Savings Bank plans to issue mortgage online
03 August 2020, 14:00
Transforming Housing Construction Savings Bank into Otbasy Bank and providing Kazakhstanis with housing — interview with Lyazzat Ibragimova
03 August 2020, 10:47
Shakhmardan Baimanov appointed chair of Committee on Youth and Family Affairs of the Ministry of Information and Social Development
03 August 2020, 09:32
Anuar Dzhumadildayev appointed chair of Treasury Committee of the Ministry of Finance
02 August 2020, 17:30
Video Digest: Main events of the week, No. 71
31 July 2020, 08:29
Prime Minister Askar Mamin congratulates Kazakhstanis on Kurban Ait
30 July 2020, 18:30
Yerbol Ospanov appointed vice minister of labor and social protection of the population
30 July 2020, 17:15
Increasing yield, ensuring phytosanitary safety and training of research personnel — how agricultural science develops in Kazakhstan
30 July 2020, 16:04
Allen Chaizhunussov appointed chair of the Board of QazExpoCongress
30 July 2020, 13:09
Prime Minister Askar Mamin instructs to develop additional measures to support business
30 July 2020, 08:58
Roman Sklyar's working trip to Tatarstan: Creating joint ventures and implementing investment projects
29 July 2020, 20:56
Interdepartmental Commission takes special control over implementation of President’s instructions
29 July 2020, 16:57
Increasing lending to SMEs, providing employment and social benefits to population — Ruslan Dalenov on measures to support economy
28 July 2020, 21:37
Mortgage on favorable terms and construction of affordable housing — development of housing construction in Kazakhstan
28 July 2020, 19:03
Prime Minister Askar Mamin holds meeting on development of Kyzylorda region
28 July 2020, 11:17
During pandemic, Internet and electronic government services became the first necessity — Bagdat Mussin
28 July 2020, 10:20
E-commerce market amounted to 435 billion tenge in first half of 2020
28 July 2020, 10:13
In first half of 2020, e-commerce in Kazakhstan increased by one and half times
28 July 2020, 10:06
Epidemiological situation in Kazakhstan stabilizing
28 July 2020, 10:00
Since introduction of quarantine in Kazakhstan, 29% decrease in CVI cases recorded
27 July 2020, 14:26
Government session to be held July 28 in Ukimet Uyi
27 July 2020, 12:03
Changing approaches to provision of medical care reduced burden on bed capacity of Almaty — Nadyrov
27 July 2020, 11:37
After launch of mobile resuscitation teams in Almaty, number of deaths from COVID-19 decreased
27 July 2020, 11:21
Nadyrov on COVID-19 in Almaty: Unloading hospitals, switching to telemedicine and forming drug warehouse
25 July 2020, 13:22
Video Digest: Main events of the week, No. 70
24 July 2020, 18:45
Tugzhanov in Mangystau region: Meeting with medical workers and checking warehouses of SK-Pharmacy
23 July 2020, 19:07
President Kassym-Jomart Tokayev receives Prime Minister Askar Mamin
23 July 2020, 17:24
Personnel training, teaching basics of entrepreneurship, expanding microcrediting in rural areas — how Enbek State Program implemented in Kazakhstan
23 July 2020, 09:07
COVID-19 Operational Headquarters strengthens control in regions
22 July 2020, 18:42
Eliminating spontaneous dumps, separating solid waste and protecting environment — Ministry of Ecology reports on implementation of President's instructions
21 July 2020, 22:49
COVID-19 situation stabilized in Kazakhstan: Daily growth in number of cases reduced, number of recovered increased
21 July 2020, 22:03
Kazakh-Russian plant for 1,200 new jobs to be built in Zhambyl region
21 July 2020, 14:09
Regions need to actively support projects until they receive the status of subsidized — Atameken NCE
21 July 2020, 12:19
Production of building materials in Kazakhstan increased 3.3 times — Ministry of Industry and Infrastructure Development
21 July 2020, 11:05
Over 2 thousand projects worth half a billion tenge approved under Economy of Simple Things
21 July 2020, 11:04
Number of ambulance calls reduced by 23% in two weeks — Ministry of Healthcare of Kazakhstan
21 July 2020, 10:54
Kazakhstan reaches stabilized level of epidemiological situation
20 July 2020, 18:39
Asel Zhanassova appointed vice minister of trade and integration of the Republic of Kazakhstan
20 July 2020, 17:47
Prime Minister Askar Mamin introduces First Vice Minister of Digital Development Bagdat Mussin
20 July 2020, 16:47
Investments — key to sustainable and high-quality economic growth
20 July 2020, 16:16
Government session to be held July 21 in Ukimet Uyi
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.