In October 2014, the Transformation program of Samruk-Kazyna JSC was presented and launched at the forum with the participation of the President.
In 2014 the Transformation program began on the basis of three pilot portfolio companies - NC KazMunayGas JSC, National company JSC, Kazakhstan Temir Zholy, Kazpost JSC, then gradually Kazatomprom NAC JSC, Samruk-Energo JSC, KEGOC JSC joined.
In 2015 the sets and target values of strategic key performance indicators (KPIs) of the Fund and portfolio companies were revised and the strategies of portfolio companies were brought into line with the updated set of strategic goals. The above-mentioned initiatives were recognized as completed, and today this work continues based on The Strategic block of the Fund.
In April 2018, at the meeting of the Governance Board of Samruk-Kazyna JSC Nursultan Nazarbayev, the President of Kazakhstan approved and adopted a new strategy for the development of the Fund for 2018-2028, as well as an updated program of Transformation of Samruk-Kazyna JSC.
In May 2018, the Board of Directors of the Fund approved the updated the Transformation program.
The Transformation program is one of the key tools to achieve the strategic goals of the Fund: the output of portfolio companies on operational efficiency to the level of the best foreign peers; building an effective infrastructure for sustainable changes; increasing the cost and investment prospects of companies.
The Fund's strategy is based on the experience of leading sovereign wealth funds, such as Temasek (Singapore), Khazanah (Malaysia) and Mubadala (United Arab Emirates).