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About SK

Sovereign Wealth Fund «Samruk-Kazyna» Joint Stock Company was established in 2008 by the Decree of the President of Republic of Kazakhstan. The sole shareholder of the Fund is the Government of the Republic of Kazakhstan.

The fund is a business corporation - an investment holding, whose mission is to improve the national welfare of the Republic of Kazakhstan and support the modernization of the national economy.

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Development strategy of «Samruk-Kazyna» NWF» JSC

The mission of Samruk-Kazyna JSC is to improve the sovereign welfare of the Republic of Kazakhstan and ensuring long-term sustainability for future generations.

The development strategy of Samruk-Kazyna until 2028 was approved by the Fund Management Board and approved by the Sole Shareholder in 2018.

Fund's strategic goals

Improvement of companies` profitability
Improving the profitability of portfolio companies is one of the Fund's primary objectives. It is planned to provide a number of measures to strengthen financial stability and increase companies' operational efficiency, optimize and re-engineer business processes, and ensure synergy among portfolio companies of the Fund and enhance their investment attractiveness.
Optimization of portfolio structure
Optimization of portfolio structure is an important step in the transition process of the Fund to the active investment portfolio management. Restructure of the current portfolio of Fund's assets, revision of investment projects, reduction in the number of legal entities and management levels, and the Fund`s exiting from non-strategic assets, will enable the Fund to reallocate its resources efficiently in order to increase the value of the portfolio and its profitability.
Income diversification
Active asset management will allow the Fund to increase the portfolio return and ensure its diversification in various sectors giving the priority to assets and projects with a potential multiplier effect for the economy of Kazakhstan and high return rate.

Investments within the Republic of Kazakhstan

The Fund makes investments within the country in order to develop various sectors of the economy of Kazakhstan and projects of strategic importance (in accordance with key state programs), taking into account restrictions established by "yellow pages" principles and legislative acts of the Republic of Kazakhstan, and non-hindering the development of the private sector.

Investments outside of the Republic of Kazakhstan

In the medium and long term perspective the Development Strategy of the Fund foresees distribution of investments outside the Republic of Kazakhstan not related to the national economy and industry, with the purpose of increasing the return and keeping wealth through diversification. The Fund will be create partnerships with leading sovereign funds and other investment companies and funds to make joint direct investments that will finally be strategically linked to the industries of Kazakhstan.
Corporate governance and sustainable development
Sustainable development initiatives, corporate governance and corporate culture are keystones of sustainable development and critical factors affecting the portfolio value.

Corporate governance

In order to ensure efficient management of assets, increase investment attractiveness and successfully fulfill the function of an active investor, the Fund needs to continue introducing best practices of corporate governance in the Fund and portfolio companies in accordance with the recommendations of the Organization for Economic Cooperation and Development (OECD) on corporate governance.

Human capital development

The use of the best HR development practices will be achieved through formation of an effective corporate culture at the Fund and portfolio companies, introduction of key principles of meritocracy, transformation of people and introduction of new behaviors of employees for "commercial" thinking and readiness for change.

Sponsorship and social responsiveness

The Fund will continue its activity in providing sponsorship and charity support. Allocation of aid should be reviewed and prioritized based on the needs of society. Relying on the best practices, the Fund will finance social projects in health, education, professional development of youth and community development, projects in the field of environmental protection, art and cultural heritage and knowledge, as well as research, innovation, science and technology, and projects aimed at supporting disadvantaged groups.

Sustainable development initiatives

In order to manage the economic, environmental and social aspects of the activity efficiently and successfully, the Fund will be introducing high ethical standards and build a trust-based corporate culture, will be introducing advanced standards and improve corporate governance, and will invest in human capital and take all measures to ensure environmental sustainability.

According to the Strategic Development Plan of the Republic of Kazakhstan until 2025, the Fund intends to transform from the role of an executor of government initiatives and programs to the role of an investment company. This goal implies, along with the management of the activities of current portfolio companies, active management of the Fund's investment portfolio, which provides investment income and develops a portfolio at the level of leading sovereign wealth funds. The Fund intends to continue to actively manage and improve the quality of its portfolio through the implementation of the privatization program, its own program of divestment and reinvestment of funds and dividends, new investments in Kazakhstan and beyond.