The top managers of Samruk-Kazyna JSC (“Samruk-Kazyna” or “the Fund”) held a number of meetings with potential partners and investors in New York. The management of the Fund discussed the implementation of the transformation and privatisation programmes with the representatives of leading multinational investment banks and companies, such as Morgan Stanley, JPMorgan Chase & Co., Ardmore Capital, Chevron, Eni S.p.A, The AES Corporation, SkyPower Global, Samsung C&T, Grace & Company and Chevron Phillips Chemical.



Baljeet Kaur Grewal, Managing Director for Strategy and Portfolio Investment of Samruk-Kazyna JSC, commented:

“Our large-scale transformation programme is aimed at implementing significant structural and qualitative changes at both Fund and company levels in order to increase our efficiency and make us more competitive on the global market. The fund is already beginning to reap the benefits of the transformation, and not only in a financial sense. We are changing our strategic model, moving from the position of portfolio managers to a much more strategic active investor role. This will allow us to focus our efforts on maximising the value of our assets in advance of the planned privatisation.”

Yerzhan Tutkushev, Co-Managing Director for the Development of New Industries, spoke about the investment and partnership opportunities presented by the privatisation programme:

“Our privatisation programme offers plenty of opportunities for both local and international investors. IPOs, directs sale to strategic investors and long-term partnerships are all part of the national strategy to attract more investment and management expertise to the economy of Kazakhstan. But aside from that, the programme reflects the intentions of our sole shareholder — the government — to reduce the level of state presence in the country's economy”.