Samruk Kazyna
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Samruk Kazyna
Samruk-Kazyna ( kk, Самұрық-Қазына, translit=Samūryq-Qazyna), officially known as the National Welfare Fund "Samruk-Kazyna" ( kk, «Самұрық-Қазына» ұлттық әл-ауқат қоры» Акционерлік Қоғамы, translit=“Samūryq–Qazyna” ūlttyk äl–auqat qory, Aktsionerlik Qoğamy), is a sovereign wealth fund and joint stock company in Kazakhstan which owns, either in whole or in part, a number of major companies in the country. This includes the national rail and postal service, the state oil and gas company KazMunayGas, the state uranium company Kazatomprom, Air Astana, and others. The state is the sole shareholder of the fund. History It was created in October 2008 with the merger of two funds, "Samruk" and "Kazyna", by decree of the president of Kazakhstan, Nursultan Nazarbayev. The current chairman of the board of directors is Almasadam Satkaliev. Previously, then-Prime Minister Bakhytzhan Sagintayev served as chairman ...
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Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In t ...
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Lee Kuan Yew
Lee Kuan Yew (16 September 1923 – 23 March 2015), born Harry Lee Kuan Yew, often referred to by his initials LKY, was a Singaporean lawyer and statesman who served as Prime Minister of Singapore between 1959 and 1990, and Secretary-General of the People's Action Party between 1954 and 1992. He was the Member of Parliament (MP) for Tanjong Pagar from 1955 until his death in 2015. Lee is widely recognised as the nation's founding father. Lee was born in Colony of Singapore, Singapore during British colonial rule. After graduating from Raffles Institution, he won a scholarship to Raffles College (now the National University of Singapore). During the Japanese occupation of Singapore, Japanese occupation, Lee escaped being the victim of a Sook Ching, purge, subsequently starting his own businesses while working as an administration service officer for the Japanese propaganda office. After World War II ended, Lee briefly attended the London School of Economics before transferring t ...
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Economy Of Kazakhstan
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. Kazakhstan has attracted to 2021 more than US$370 billion of foreign investments since becoming an independent republic after the collapse of the former Soviet Union. It possesses oil reserves as well as minerals and metals. It also has considerable agricultural potential, with its vast steppe lands accommodating both livestock and grain production. The mountains in the south are important for apples and walnuts; both species grow wild there. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources. The Dissolution of the Soviet Union and the collapse of demand for Kazakhstan's traditional heavy industry products have resulted in a sharp decline of the economy since 1991, with the steepest annual decline occurring in 1994. In 1995–97 the pace of the government program of economic reform and privatization quickened, resulting in a substantia ...
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Government-owned Companies Of Kazakhstan
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned e ...
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Companies Of Kazakhstan
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Companies Based In Astana
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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United Chemical Company
The United Chemical Company ( kk, Біріккен химиялық компания, ''Birikken hımııalyq kompanııa''; ) - the state-owned company in Kazakhstan established in 2009 by the decision of the Board of Directors of the "National Welfare Fund "Samruk-Kazyna" JSC as of November 28, 2008; the main operator of the State Program on Accelerated Industrial and Innovative Development for the chemical industry. Currently, the United Chemical Company implements a number of investment projects, which include the productions existing and being modernized, as well as the ventures newly established in the Kazakhstan’s chemical industry. Their products are intended for various industries, including the gold mining industry, agriculture, etc. As part of the company’s mission, the measures have been taken to modernize the existing Kazakhstani chemical enterprises and to organize the production of more than 20 new types of chemical products; the development of competitive projec ...
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Kazakhstan Engineering
Qazaqstan ınjınırıng ulttyq kompanııasy AQrussian: АО Национальная компания Казахстан инжиниринг , type = State-owned enterprise , traded_as = , ISIN = KZ2C00006674 , location = , industry = defense , founded = , founder = , hq_location_city = Nur-Sultan , hq_location_country = Kazakhstan , num_locations = , num_locations_year = , area_served = Central Asia , key_people = Adlbek Sarsembayev (CEO 2020-2021) Temirzhan Abdrakhmanov (CEO 2022 until now) , products = Munitions, Small arms, Artillery, Explosives, Combat vehicle, Warship A warship or combatant ship is a naval ship that is built and primarily intended for naval warfare. Usually they belong to the armed forces of a state. As well as being armed, warships are designed to withstand damage and are usually faster ..., Civil and military aerospace, Electro-optical devices , services = , revenue = , revenue_year = , operating_income = , inc ...
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Kazakhtelecom
Kazakhtelecom JSC ( kk, Қазақтелеком, ''Qazaqtelekom''; russian: Казахтелеком) is the largest telecommunication company in Kazakhstan. Shareholders * 51.00% - AO Samruk-Kazyna JSC - fund of national wealth * 16.90% - Bodam B.V. (Amsterdam, Netherland) * 14.60% - Bank of New York * 9.60% - Deran Services Limited * 3.00% - Optimus Ltd * 0.70% - shares traded on KASE * 4.20% - other shareholders KazakhTelecom subsidiaries ; K-Cell * 51% Fintur Holdings B.V. ** 58.55% TeliaSonera ** 41.45% Turkcell Turkcell İletişim Hizmetleri A.Ş. (''lit. Turkcell Communication Services'') (, ) is the leading mobile phone operator of Turkey, based in Istanbul. The company has 39,3 million subscribers as of September 2021. In 2015, the company's number of ... * 49% KazakhTelecom JSC ; Altel * 100% KazakhTelecom JSC ; Neo-Kazakhstan * 51% KazakhTelecom JSC * 49% AsiaNet Kazakhstan LLP See also * List of mobile network operators of the Asia Pacific region#Kaz ...
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KEGOC
Kazakhstan Electricity Grid Operating Company (KEGOC) joint-stok company is a Nur-Sultan based state company of Kazakhstan established in 1997. General information KEGOC is the System Operator of the Unified Power System (UPS) of Kazakhstan, and it owns and manages the assets of the National Power Grid (NPG). The company operates as the natural monopoly. The company employs more than 4 thousand people. KEGOC is a subsidiary of Samruk-Kazyna Sovereign Welfare Fund JSC. In December 2014, the company was listed on the Kazakhstan Stock Exchange as part of the "People's IPO" programme. KEGOC floated 10% minus one share. The minority shareholder structure included 7.3% of individuals. The demand exceeded supply by 1.5 times. Projects Completed projects: * Kazakhstan Electricity Transmission Rehabilitation Project, stage 1 (2000—2010); * Construction of 500 kV Second Transmission Line of Kazakhstan North-South Transit (2004—2009); * Alma Electricity Transmission Project (200 ...
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Santiago Principles
The Santiago Principles or formally the Sovereign Wealth Funds: Generally Accepted Principles and Practices (GAPP) are designed as a common global set of 24 voluntary guidelines that assign best practices for the operations of Sovereign Wealth Funds (SWFs). They are a consequence of the concern of investors and regulators to establish management principles addressing the inadequate transparency, independence, and governance in the industry. They are guidelines to be followed by sovereign wealth fund management to maintain a stable global financial system, proper controls around risk, regulation and a sound governance structure. As of 2016 30 funds have formally signed up to the Principles and joined the IFSWF representing collectively 80% of assets managed by sovereign funds globally or US$5.5 trillion. The principles are maintained and promoted by the International Forum of Sovereign Wealth Funds (IFSWF) and whose membership have to either have implemented or aspire to implement t ...
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