The words of K.K. Tokayev, President of the Republic of Kazakhstan on privatization and IPO.

From the speech of the President of the Republic of Kazakhstan Tokayev K.K. with representatives of international investment companies on December 3, 2021:

“A large-scale campaign is now underway on privatization of more than 700 state-owned enterprises in various sectors of the economy of Kazakhstan, including oil and gas, energy, infrastructure. We consider it preferable to place shares of the largest companies on national stock exchanges”.

From the speech of the President of the Republic of Kazakhstan Tokayev K.K. at the Forum of support of domestic entrepreneurs Samruk Business Forum on February 11, 2021:

There are three main principles of the denationalization policy:

First, privatization should exclude the emergence of private monopolists. Unfortunately, we have facts of inefficient privatization of key infrastructure facilities. Such facts of irrational privatization, which harm the economic interests of the state, should not be allowed again. This is the responsibility of the Government and the Fund.

Second - the sale of assets into private hands should help reduce the burden on the budget.

Third, privatization should have a concrete economic impact. The meaning of the privatization of any enterprise is to increase its efficiency, increase its contribution to the national economy.

From the speech of the President of the Republic of Kazakhstan Tokayev K.K. at the meeting of the Council for Governance of the Astana International Financial Center on June 27, 2022:

“Ordinary citizens of our country should be able to purchase shares of national companies and receive their dividends from investments. This is the way that the investment culture of the population is formed. Participation in the IPO should become available absolutely to all residents of Kazakhstan. For this purpose we need new digital solutions that eliminate paperwork and bureaucracy”.






Structure of the Fund assets
The Group of Samruk-Kazyna JSC Companies includes enterprises of the oil and gas and transport and logistics sectors, chemical and nuclear industries, mining and metallurgical complex, energy and real estate.
90,42%
Ownership share of the Fund
JSC NC KazMunayGas is the leading vertically integrated oil and gas company in Kazakhstan. KMG manages assets throughout the entire production cycle — from exploration and production of hydrocarbons to transportation, processing and provision of services.
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51%
Ownership share of the Fund
Kazakhtelecom JSC is the largest telecommunications company in Kazakhstan, has the status of a national telecom operator.
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100%
Ownership share of the Fund
JSC NMC Tau-Ken Samruk is a vertically integrated company and was established
with the aim of ensuring effective subsoil use activities in the field of exploration,
development, extraction, processing and sale of solid minerals.
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100%
Ownership share of the Fund
JSC NC QazaqGaz is the main gas company of the Republic of Kazakhstan,
representing the interests of the state, both in the domestic and foreign gas market.
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100%
Ownership share of the Fund
Samruk-Energy JSC was created to develop and implement a long-term state
policy for the modernization of existing and commissioning of new generating
capacities. The main activity of the Company is the production of electric energy,
production of thermal energy, transmission and distribution of electric energy,
extraction of thermal coal.
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100%
Ownership share of the Fund
QAZAQ AIR is the interregional carrier with a hub in Nur-Sultan and an organized
route network to ensure a comfortable connection of the country’s regions with a
transfer at the hub airport.
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75%
Ownership share of the Fund
JSC NAC Kazatomprom is the world’s largest producer of natural uranium with
priority access to one of the world’s largest resource bases. Kazatomprom’s shares
have been traded on the Astana International Financial Center Exchange and the
London Stock Exchange since November 2018.
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100%
Ownership share of the Fund
JSC NC Kazakhstan Temir Zholy is the largest operator of the main railway
network of Kazakhstan.
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90%
Ownership share of the Fund
KEGOC - Kazakhstan Electricity Grid Operating Company JSC is endowed with
the status of the System Operator of the Unified Electric Power System of the
Republic of Kazakhstan.
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100%
Ownership share of the Fund
Samruk-Kazyna Ondeu LLP is a special company that deals with projects in the
chemical industry.
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51%
Ownership share of the Fund
Air Astana JSC is the leading air carrier in Central Asia. The Group is located in
the center of Eurasia and offers both a full range of services and low-cost air
transportation, maintaining one of the lowest cost indicators in the world.
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100%
Ownership share of the Fund
Kazpost JSC is the national postal operator of the Republic of Kazakhstan and one
of the most dynamically developing companies in the post—Soviet space,
providing a full range of postal and financial services throughout the territory of
the Republic of Kazakhstan, including all cities and towns.
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Structure of direct assets in the context of privatization/restructuring
Структура активов Структура активов
On IPO Results and Opening of Secondary Trading in JSC NC KazMunayGas Shares
08.12.2022
Samruk-Kazyna JSC (hereinafter - Fund) and JSC NC KazMunayGas (hereinafter - KMG) announce that on December 08, 2022, secondary trading in KMG shares has started on Astana International Financial Center (hereinafter - AIX) and Kazakhstan Stock Exchange (hereinafter - KASE).
06.12.2022
More than 129 thousand applications for the purchase of shares were submitted by investors during the IPO of JSC NC KazMunayGas
JSC "Samruk-Kazyna" (Fund) and JSC NC "KazMunayGas" (KMG) inform on the results of the subscription ...
02.12.2022
Subscription to the Shares of JSC NC KazMunayGas under the Ongoing IPO to Have Been Completed
In accordance with the previously announced deadlines, Samruk-Kazyna JSC and JSC NC KazMunayGas (...