Sovereign Wealth Fund “Samruk-Kazyna” JSC holds 100 % of “Samruk-Energy” JSC shares (5, 601,687 shares).
Sovereign Wealth Fund “Samruk-Kazyna” JSC – the Fund, the sole shareholder of which is the Government of the Republic of Kazakhstan.
The Fund was established in 2008 by the Decree of the Republic of Kazakhstan President and represents a commercial structure – an investment holding, the mission of which is to enhance national welfare of the Republic of Kazakhstan and support the modernization of the national economy through effective management of portfolio companies – to increase their long-term value and sustainable development, and also through catalytic investment in the development of priority sectors of the national economy.
The Fund participates in managing the Company through the shareholder’s functions performance and via the Board of Directors in the manner defined by the Charter and the Corporate Governance Code. The Fund’s position in respect of individual matters is communicated through the Fund’s representatives in the Company’s Board of Directors. The Sole shareholder annually sends the expectations of the shareholder for the forthcoming financial year to the Chairman of the Board of Directors.