During the extended meeting of the Government with the participation of the Head of State CEO of «Samruk-Kazyna» JSC presented new organizational structure and announced the transfer to the active investor role.

«Three key functions of new models will be optimization and increase of efficiency of the existing assets, development of new stable industry in the country, formation of the optimal strategy for the fund and every company taking into account the potential and market,»  U. Shukeyev said.

During the transformation «Samruk-Kazyna» will be mobile and effective industrial and financial holding company, which will operate two types of assets: anchor assets consisting of a controlling or blocking stakes in strategic sectors (oil, uranium, infrastructure) and commercial assets consisting of stakes in growing companies, the composition of which will be constantly updated. At the same time, it is expected to receive maximum benefits fr om the commercial portfolio in terms of economic value added (EVA).

CEO of the Fund reported on the activities of the holding company. Thus, this year «Samruk-Kazyna» group of companies cut costs by 519 billion tenge, which has greatly improved financial results and avoid  losses. At the end of 2015 it is expected a profit of 300 billion tenge. 

In addition, investment activities in the amount of 633 billion tenge for 2015-2017 were optimized. Thus, SPIID, Nurly Zhol, EXPO-2017 projects remain a priority in the activities of the Fund, their implementation will be continued.

This year the Fund will complete the implementation of 14 investment projects, which will create a total of 6.8 thousand jobs; another 26 projects worth $17.6 billion in 2016-17, wh ere 45 thousand jobs are created.  

The privatization program is planned to withdraw 43 major assets, including the IPO of KMG, KTZ, Kazatomprom, Samruk-Energy and Tau-Ken Samruk with the realization of at least 25% share on the site of the future financial center of Astana. In addition, 182 non-core assets subject to restructuring or privatization in 2016-2017 by auction were listed.

The total equity value of listed assets amounts 2.5 trillion tenge with significant potential to increase the market value in the assessment.

As a result of privatization and restructuring a number of large companies will be optimized. For example, the number of companies in the structure of KMG will be reduced from 206 to 75, KTZ - from 102 to 30, Kazatomprom - from 82 to 38, Samruk-Energy - from 38 to 19.

As a result of restructuring of these companies a positive effect in the amount of about 680 billion tenge will be reached by 2020.

Along with large-scale privatization program, the Fund will continue to implement the transformation.

One of the key initiatives of the Fund - is a new concept of procurement, which is aimed at achieving savings 380 billion tenge per year. To this end, it is planned to implement international best practices on pre-qualification tools, categorizing and centralizing the procurement process at different levels. 

Over the past year the corporate center of the Fund critically evaluated and reviewed all business processes (over 2 thousand), created new functional model and a new organizational structure. The role, key performance indicators, the required staff competencies are described for each employee.