Joint Stock Company Samruk-Kazyna was founded in 2008 by Decree of the President of the Republic of Kazakhstan. The sole shareholder of the Fund is the Government of the Republic of Kazakhstan.
About the Fund
Development plan of Samruk-Kazyna JSC
The mission of Samruk-Kazyna JSC
is to ensure sustainable economic development and create long-term value through effective management of a diversified portfolio of assets and business support in the interests of the people of the Republic of Kazakhstan.
The updated Development Plan of Samruk-Kazyna JSC for 2023-2032 was approved by the Sole Shareholder in 2023.
Strategic directions of the Fund
Effective asset portfolio management
The strategic goal is to double the value of net assets by 2032 compared to 2021. The fund will ensure optimization and improvement of portfolio quality, introduction of advanced technologies, as well as improvement of the business model
Ecosystem for business
The strategic goal is to develop competition. The Fund will continue to work on transferring assets into a competitive environment. As a co-investor, the Fund will only participate in critical projects that cannot be implemented by private investors.
Sustainable development
The strategic goal is to implement ESG principles. The key factors must be human well-being, environmental sustainability, while ensuring long-term financial sustainability based on best business practices and corporate governance principles. This will help increase the long-term value of assets and increase investment attractiveness.
Taking into account the current socio-economic development of the country and the role of the Fund for the Country’s Economy, it seems appropriate today to focus investments, first of all, in the economy of Kazakhstan, including for the purpose of implementing strategic projects. In this regard, the Fund’s management model for the next 7 years is defined as a strategic holding with the tasks of maintaining the social and infrastructural development of the country.
By 2030, the Fund must switch to the operating model of an investment holding company under favorable market conditions while maintaining a majority share in the Fund’s strategic assets. In order to strengthen its competitiveness and reputation as a “promising partner” on a global scale, the Fund will strive to diversify its portfolio and fill it with breakthrough projects with a high share of exports.
