February 27, 2014 10:41
Samruk-Kazyna to be transformed into a holding company focusing on investment
ASTANA. Feb 27 (Interfax) - Kazakhstan's National Wealth Fund Samruk-Kazyna will be reorganized into a holding company focusing on investment in 2014, Samruk-Kazyna says in a press release.
The new holding company will focus on two areas: first, increasing the revenue generated by the existing assets through improvement of their business processes at all levels and, second, investing the profit in start-up and innovative projects, according to the press release.
To begin with, Samruk-Kazyna will look into its subsidiaries KazMunayGas, Kazakhstan Temir Zholy and KazPost, where all business processes will be analyzed and assessed in order to find solutions aimed to increase their revenue, said Samruk-Kazyna CEO Umirzak Shukeyev.
Samruk-Kazyna will seek external borrowings so that up to 70% of each project could be financed from borrowed funds, Shukeyev said.
Kz pr ak
(Our editorial staff can be reached at firstname.lastname@example.org)
August 27, 2016
Launching ballistic missile from submarine, North Korea demonstrates actual capability to repel aggression - expert
Reports about Armenian drone destroyed by Azerbaijani forces contradict reality - Yerevan
Russian national detained in Armenia at U.S. request - lawyer
Russian combat training aviation participating in inspection of air defense force in South Federal District
Reopening charter traffic to Turkey not so much important now, travel sector anticipating return of Egypt - Russian Union of Travel Industry
Prices on Turkish holidays for Russians to become 20-30% cheaper when charter flights resume - Russian Union of Travel Industry
Draft resolution lifting restrictions on Turkey-bound charter flights submitted to Russian govt - Timakova (Part 2)
Almost 500 intl observers accredited by Belarusian electoral commission so far
Turkmen president to visit Germany on Aug 29-30
Russian-U.S. deal on Syria doesn't envision ban on Syrian air force flights - Larvov
Draft resolution lifting restrictions for Turkey-bound charter flights submitted to Russian govt - Timakova
Lavrov says Kerry and he make several important steps on Syria in addition to Moscow agreements
Withdrawal of armed groups from Syria's Darayya completed - Lavrov