Annual report / 2024

Asset Portfolio

JSC NC KazMunayGas
67.42%
of shares

Kazakhstan’s operator for exploration, production, processing and transportation of hydrocarbons

HEADCOUNT
49,243
Regions of presence:

Abay, Aktobe, Atyrau, Zhambyl, Zhetysu, West Kazakhstan, Kostanay, Kyzylorda, Mangistau, Pavlodar, Turkestan, Ulytau regions, as well as in cities of republican significance and the capital city

NAC Kazatomprom JSC
62.99%
of shares

Kazakhstan’s operator for import-export of uranium, rare metals, nuclear fuel for nuclear power plants

HEADCOUNT
16,286
Regions of presence:

Akmola, East Kazakhstan region, Kyzylorda region, Turkestan region

JSC NC Kazakhstan Temir Zholy
100%
of shares

Kazakhstan's largest railway network operator

HEADCOUNT
117,681
Regions of presence:

All regions

Samruk-Energy JSC
100%
of shares

Kazakhstan's largest diversified energy holding company

HEADCOUNT
18,907
Regions of presence:

Almaty, East Kazakhstan, Pavlodar, Turkestan, as well as in cities of republican significance and the capital city

JSC NC QazaqGaz
100%
of shares

Kazakhstan’s gas company operating along the entire chain from geological exploration and production to the sale of end products

HEADCOUNT
12,996
Regions of presence:

Almaty, Aktobe, Atyrau, East Kazakhstan, Zhambyl, West Kazakhstan, Karaganda, Kostanay, Kyzylorda, Mangistau, Ulytau and Turkestan regions, as well as in cities of republican significance and the capital city

KEGOC
85%
of shares

System operator of the unified power system of Kazakhstan

HEADCOUNT
4,495
Regions of presence:

Abay, Akmola, Aktobe, Almaty, Atyrau, East Kazakhstan region, Zhambyl, Karaganda, Kostanay, Kyzylorda, Mangistau, Pavlodar, Turkestan regions

Kazakhtelecom JSC
80.85%
of shares

Kazakhstan's largest telecommunications company, a national telecom operator

HEADCOUNT
18,395
Regions of presence:

Abay, Aktobe, Almaty, Atyrau, EKR, Zhambyl, WKR, Karaganda, Kostanay, Kyzylorda, Mangistau, Pavlodar, SKR, Turkestan, Ulytau

Kazpost JSC
100%
of shares

Kazakhstan's national postal operator providing a wide range of postal, financial, brokerage and agency services

HEADCOUNT
17,348
Regions of presence:

All regions

Qazaq Air JSC
100%
of shares

Kazakhstan’s airline operating internal regional flights*

HEADCOUNT
301
Regions of presence:

Akmola, Aktobe, Atyrau, East Kazakhstan, Zhetysu, West Kazakhstan, Kostanay, Kyzylorda, North Kazakhstan, Turkestan, Ulytau, as well as in cities of republican importance and the capital city

Tau-Ken Samruk NMC JSC
100%
of shares

Kazakhstan’s company for exploration, development, production, processing and sale of solid minerals

HEADCOUNT
444
Regions of presence:

Republic of Kazakhstan

Samruk-Kazyna Ondeu LLP
100%
of shares

Kazakhstan’s company for the development and implementation of investment projects in the chemical industry

HEADCOUNT
631
Regions of presence:

Akmola region, Atyrau region, Zhambyl region

* Note. On 24 December 2024, The fund signed a sale agreement with a consortium comprising Central Asia Aviation Holdings Limited (a member of the Vietnamese conglomerate Sovico Group JSC) and Kazasia Holdings Limited. The sale was not finalised before the end of 2024 as certain conditions precedent were not met. Therefore, the Group retained control over Qazaq Air JSC as of 31 December 2024.
The list includes only big portfolio companies of the Fund and is not exhaustive.