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 email@example.com)
November 01, 2014
Six Ukrainian troops killed, 10 wounded in southeastern Ukraine over past 24 hours
Putin appoints Deputy Foreign Minister Bogdanov presidential envoy for Mideast, Africa
Pro-Russian association in Ukraine preparing Slavic March in Kyiv on Nov 4 - Russian nationalist leader
Salvos, explosions heard in Donetsk on Saturday morning
Militias intensely shelling village of Krymske, Luhansk region - regional administration
Russia test-fires Topol-M ICBM from Plesetsk space center (Part 2)
National Defense Control Center to have protected complex to accumulate info from various agencies - Shoigu
Russia test-fires Topol-M ICBM from Plesetsk space center
Energia general designers approve further projects under ISS program
RUSSIA AND FSU GENERAL NEWS
October 31, 2014
Ukraine, Russia sign protocol on joint control at Dyakove-Kuibyshevo checkpoint (Part 2)
Ukraine, Russia sign protocol on joint control at Dyakove-Kuibyshevo checkpoint