«Samruk-Kazyna» JSC approves Development plan for 2015-2019

«Samruk-Kazyna» JSC approves Development plan for 2015-2019

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02 February 2015

Board of Directors of «Samruk-Kazyna» JSC on the regular meeting under the chairmanship of the Prime-Minister of Kazakhstan Karim Massimov summarized the work in 2014 and outlined plans for the nearest five years.

At the meeting it was decided to establish a Committee to oversee the implementation of the business transformation program under the Board of Directors of «Samruk-Kazyna«JSC. The Committee will consist of three members of the Board of Directors. Prime Minister of the Republic of Kazakhstan, Chairman of the Board of Directors of «Samruk-Kazyna» JSC Karim Massimov was appointed as its Chairman.

The new committee will carry out an independent expert assessment of the work on implementation of the transformation program in the Fund's group of companies. Once in six months it will submit its recommendations to the Board of Directors of «Samruk-Kazyna». The analysis results for the year will be presented to the Head of State.

Board of Directors approved plan for the development of «Samruk-Kazyna» for 2015-2019 years. «The development plan is based on the socio-economic development of Kazakhstan for 2015-2019 years taking into account the prices and tariffs for goods, works and services of «Samruk-Kazyna» group of companies. In addition, the adjusted price of crude oil of Brent brand  provided in January of this year by the Ministry of National Economy was used under the formation of the Development Plan,» the financial director of «Samruk-Kazyna» JSC Nurlan Rakhmetov told.

Other issues of the Fund were considered, for which relevant decisions were made.