Samruk-Kazyna at a glance
Sovereign Wealth Fund Samruk-Kazyna Joint Stock Company is the Fund, where the sole shareholder is the Government of the Republic of Kazakhstan.
Following the Presidential Decree in 2008, the Fund was established as a business corporation – an investment holding, whose Mission is to improve the national welfare of the Republic of Kazakhstan and to support the modernization of the national economy.
Our role in the economy of Kazakhstan
The Samruk-Kazyna Fund fulfils its Mission through the efficient management of Portfolio Companies for increasing their long-term value and sustainable development as well as through making catalytic investments in the development of priority sectors of the national economy.
— Samruk-Kazyna JSC demonstrated growth in its key strategic indicators and ended 2016 with strong financial results. Consolidated net profit attributable to the shareholder amounted to KZT 455 billion in 2016, a KZT 292 billion increase year-on-year, or 56%. The Fund's key strategic indicator, its net asset value, increased by 7% from 2015, reaching over KZT 6.8 trillion. Return on equity (ROE) amounted to 5.5%, growing from 3.3% in 2015. Samruk-Kazyna improved its performance in key strategic indicators by increasing its revenue base and systematically reducing costs. For example, the Fund succeeded in reducing operational costs among its portfolio companies through a range of measures aimed at standardising and automating business processes.
Samruk-Kazyna is on track to become a world-class fund. Currently the Sovereign Wealth Fund Institute ranks Samruk-Kazyna as one of the 30 largest sovereign funds in the world, with assets of USD 67.4 billion. The Fund's Development Plan for 2017-2021 estimates that in 2021, Samruk-Kazyna's assets will reach a valuation of USD 81 billion.
In 2017, Samtuk-Kazyna's investments in new and growing companies are estimated to amount to USD 229 million. By the end of 2021, the Fund's Development Plan for 2017-2021 envisages Samruk-Kazyna's total investments in new and growing companies to total USD 783 million.
Our major assets
Samruk-Kazyna JSC Group includes enterprises operating in a number of industries – oil, transport and logistics, chemical and nuclear, mining and smelting,energy, mechanical engineering and real estate:
Improvement of the national welfare
Our investment activities seek to improve the national welfare of the Republic of Kazakhstan and to support the modernization of the national economy. Samruk-Kazyna JSC’s new assets should become leading companies of the country, competitive at international level.
Therefore, we invest the majority of our funds in the development of the national economy, while investing abroad only in strategic assets that provide a significant synergistic effect for Portfolio Companies, or with the aim to transfer technological and managerial innovations.