Privatization by other means

Privatization is part of the process of denationalization of the economy, which involves a transition from primarily state-directed regulation of production to its regulation based on market mechanisms.

Privatization is carried out to strengthen the foundations of a market economy, and the main idea of this program is to give impetus to the further development of private business in the country.


The privatization program is necessary to reduce the state presence in business.

In turn, privatization will help the Fund to solve the following tasks:
  • Fund asset structure optimization;
  • improving the level of corporate governance, transparency and efficiency of companies;
  • ensuring the transfer of technology and capital for the development of companies;
  • stimulating the development of small and medium-sized businesses;
  • contributing to the development of the Kazakhstan stock market.
* According to Decree of the Government of the Republic of Kazakhstan No.908
  • 2021-2022
  • 2023
  • 2024
  • 2025
Assets of JSC NAC Kazatomprom
  • ТОО «МК «Kaz Silicon» (the asset is realized)
  • Caustic JSC (the asset is realized)
  • Kazakhstan Solar Silicon LLP (the asset is realized)
  • LLP MC Kaz Silicon (the asset is realized)
Assets of Samruk-Kazyna JSC (directly owned)
Assets of JSC NC KazMunayGas
  • KazMunayGas-Service LLP
  • KMG Systems & Services LLP
  • Aysir Turizm ve Insaat A.Ş. AC (75%)
Assets of JSC NC Kazakhstan Temir Zholy
  • Aktau Sea Northern Terminal LLP
  • Dosjan Temir Zholy JSC
  • Kazakhstan Railcar Building Company LLP
Assets of JSC NC KazMunayGas
Assets of JSC NMC Tau-Ken Samruk
Assets of Samruk-Kazyna Ondeu LLP
Assets of Kazakhtelecom JSC
Assets of JSC NC KazMunayGas
Buyer’s instructions (E-competition or auction)
Stage 1
Obtaining an EDS (PSC, etc.)
Registration of EDS in the “Personal account at
Opening a bank account or receiving a bank card
Stage 2
Choosing the procurement object from the list of objects for sale
Creation of an application for participation in the auction (within 24 hours before the start of the auction)
Payment of the guarantee fee (15%) online payment or payment via Bank
Signing the application and sending it for consideration
Stage 3
Upon receipt/non-receipt of the guarantee fee, the system accepts/rejects the application
Participation in the auction
Determination by the System of the winner who offered the highest price / was the first to purchase at the offered price as a result of bidding
Buyer’s Instructions (Open two-stage competition)
Stage 1
Notice of the auction in the media
Submission of the tender application
Acceptance and registration of Tender Applications
Opening of packages with Tender Applications (on the deadline day)
Sending a notification to applicants about the elimination of inconsistencies (if they are identified)
Taking a decision on admission or refusal to the second stage of the OTC
Stage 2
Notification of the second stage of the OTC
Determination of the OTC winner based on the results of consideration of Competitive proposals
Decision on the OTC results
Buyer’s Instruction (direct address sale method – DAS)
* Note: the method of asset realization through DAS is determined if it is impractical to determine other methods (electronic tender, auction, open two-stage tender)
Step 1
Verification of compliance of the strategic investor – buyer with all criteria within the framework of “Rules for Fund Assets Transfer to the Competitive Environment...”
Step 2
Verification of compliance with the requirement at the minimum price (DAS of an asset can be carried out at a price not lower than the minimum price)
Step 3
Verification of compliance with qualification criteria within the framework of “Rules for Fund Assets Transfer to the Competitive Environment...”
Step 3
Transfer of an asset to a strategic investor – buyer by concluding a Contract