Investors and stakeholders

"SAMRUK-KAZYNA" JSC invests in three areas:

Financial investments

Strategic investment

Direct investments

1. Financial investments

Privatization

25 assets of the "Samruk-Kazyna" JSC group of companies are included in the Comprehensive Privatization Plan for 2021-2025

5

sold

5

аssets sold

20

in the process of pre-sale preparation

8

assets to IPO / sale to strategic investors

12

assets are subject to transfer to the competitive environment by other means

8

large assets

JSC "NC “KazMunayGas”

JSC “Air Astana”

JSC “KazTransGas”

JSC "NMC "Tau-Ken Samruk"

JSC “Qazaq Air”

JSC “Kazpost”

JSC "NC “Kazakhstan Temir Zholy”

JSC “Samruk-Energy”

Currently the companies are executing internal preparations to improve operational efficiency and determine the best outline for probable IPO

IPO / sale to strategic investors

2022 year

2023 year

2025 year

Contacts

Contact information on the sale and privatization of assets Company names Phone
Contacts on privatization of assets the group of the Fund of Companies Samruk-Kazyna JSC “Samruk-Kazyna” JSC +7 (7172) 55-26-80
Contacts of Commissions on assets divestiture and facilities of “Samruk-Kazyna” JSC “KazMunayGas”NC” JSC +7 (7172) 78-92-38
“Kazakhstan temir zholy” NC” JSC +7 (7172) 60-35-00
"United Chemical Company" LLP +7 (7172) 73-71-33
"Tau-Ken Samruk"NMC” JSC +7 (7172) 55-95-10
“Kazatomprom” NC” JSC +7 (7172) 45-83-33 (вн. 10162)

Contacts on privatization of assets the group of the Fund of Companies Samruk-Kazyna JSC

Curator: “Samruk-Kazyna” JSC
+7 (7172) 55-26-26

Contacts of Commissions on assets divestiture and facilities of “Samruk-Kazyna” JSC

“KazMunayGas”NC” JSC
+7 (7172) 78 92 38

“Kazakhstan temir zholy” NC” JSC
+7 (7172) 60 35 00

"United Chemical Company" LLP
+7 (7172) 73 71 33

"Tau-Ken Samruk"NMC” JSC
+7 (7172) 55 95 10

“Kazatomprom” NC” JSC
+7 (7172) 45 83 33 (вн. 10162)

2. Strategic investment

Projects

Construction and expansion projects of the “Burnoye” solar power plant in Zhambyl region

These projects were implemented by “Samruk-Kazyna Invest” in partnership with UG Energy Limited (UK) on the basis of project companies "Burnoye Solar-1" LLP and "Burnoye Solar-2" LLP with a 49% participation share in “Samruk-Kazyna Invest”. Also, within the framework of these projects, the EBRD Bank has attracted debt financing.

The first and second stages of the solar power plant were commissioned in 2015 and 2018, respectively.

80,37

million kWh

The “Burnoye” station generated of electricity in 2019.

361,49

million kWh

The “Burnoye” station generated from the moment of commissioning in 2015 to December 31, 2019.

The entire volume of electricity generated redeems LLP "Settlement and financial center to support renewable energy sources" on the basis of the Law "About support of use of renewable sources of energy."

Project partner:

UG Energy Limited

UG Energy Limited is a subsidiary of United Green (hereinafter-UG), which in turn is an international diversified group that makes direct investments in dynamically developing industries, including projects in the field of renewable energy sources.

UG participates in project implementation both as a strategic investor and by providing turnkey project implementation services.

The total peak capacity of projects implemented by UG in the field of renewable energy is more than 400 MW with a total cost of 1.2 billion US dollars, including more than 300 million us dollars provided as capital investment.

UG offices and representative offices are located in London (England), Dubai (UAE), Hamburg (Germany), and Erbil (Iraq).

3. Direct investments

Investment projects

In accordance with the mission and Development Strategy of Samruk-Kazyna JSC (hereinafter - the Fund) until 2031, given challenges and opportunities at the global, national and corporate levels, the key priorities for the Fund are sustainable development, responsible investments, effective and active portfolio management.
The Fund is particularly interested in attracting investments and technologies for the implementation of breakthrough and high-tech projects.
The Fund also strives for carbon neutrality, in accordance with the Message of the Head of State to the People of Kazakhstan of September 1, 2021, during which new priorities were announced, including achieving carbon neutrality by 2060. In addition, the Fund is aware of the importance of its impact on the economy, ecology and society and will ensure that its activities comply with the principles of sustainable development by aligning its environmental (E), social (S) and governancec (G) goals, while balancing the interests of its stakeholders.
In terms of insufficient infrastructural development, at the moment infrastructure and “green” investments within the country, including those aimed at the development of non-resource sectors, are the most priority for the Fund.





Investment projects


Investment mechanisms of cooperation with "Samruk-Kazyna" JSC

"Samruk-Kazyna" participates in attracting foreign direct investment to Kazakhstan through mutually beneficial investment structures. In particular, there are two schemes of potential partnership: joint investment in capital and investment through direct investment funds with the participation of Samruk-Kazyna JSC.

When investing, the Fund adheres to the “Yellow pages” principle, and promotes sustainable development, including the ESG principles, as well as ban on investments in tobacco, alcohol, weapons, etc.

The Fund makes direct investments in the share capital of projects worth from USD150 million, as well as in some smaller projects, depending on their scale.


Structure of participation in the project

Target investment indicators
IRR > CoE, NPV>0

Target capital structure
The Fund/’/s share in the project capital is less than 50%

Example of the project financing structure:

Sources $ million Share
Own funds: 60 30%
   Fund 29 49%
    Strategic partner 31 51%
Borrowed funds 140 70%
Total cost 200 100%

Requirements for a project partner

The project must have a strong financially stable strategic partner who has the necessary experience and technology for joint implementation and financing of the investment project.


Fund’s participation period

A long-term approach (5-7 years or more), depending on the potential to increase the cost.


Withdrawal strategy of the Fund

Withdrawal from the project through selling a share to a strategic partner, financial investor or IPO.


Restrictions when choosing investments

  • Startup companies
  • Venture financing
  • Oil and gas industry, in terms of exploration and production

Contacts

Director of the Investment and Business Support Department Sabigat
Sabigat Maratovich Rakhmetov, office phone number 8 (7172) 55 49 32

Head of the Investment Support Sector,
Amir Merbolatovich Tussupov, office phone number 8 (7172) 55 26 97

Head of the Investor Relations and Business Support Sector,
Laura Demessinova, office phone number 8 (7172) 55 40 36

Senior Manager
Askhat Akhatuly Kabirov, office phone number 8 (7172) 55 26 51

Decision-making Process

The process of decision-making in Samruk-Kazyna is guided by responsibility to the present and future generations of Kazakhstan. We adhere to a rigorous phased approach for each investment in conformity with Corporate Standard of investment activity.