Samruk-Kazyna

Joint-stock company «Sovereign Wealth Fund «Samruk-Kazyna» (Kazakh: Самұрық-Қазына, Samūryq-Qazyna, [sɑmo̙rɯq qɑzɯnɑ]), officially known as the National Welfare Fund "Samruk-Kazyna" (Kazakh: «Самұрық-Қазына» ұлттық әл-ауқат қоры» Акционерлік Қоғамы, romanized: "Samūryq–Qazyna" ūlttyk äl–auqat qory, Aktsionerlik Qoğamy), is a sovereign wealth fund and joint stock company in Kazakhstan. It owns, either wholly or partially, major national companies, including rail, postal services, oil and gas, uranium, and the flag carrier Air Astana. The Government of Kazakhstan is its sole shareholder.^[2]

Samruk-Kazyna

Native name	Samūryq-Qazyna Самұрық-Қазына
Company type	Joint stock sovereign wealth fund
Industry	Conglomerate
Predecessor	Samruk and Kazyna
Founded	2008
Headquarters	Astana
Key people	Olzhas Bektenov (Chairman of the Board of Directors) Nurlan Zhakupov (CEO)[1]
Revenue	5.124 bln KZT
Total assets	$81 billion
Owner	Government of Kazakhstan
Number of employees	312,400
Subsidiaries	KazMunayGas, Kazatomprom, Kazakhstan Temir Zholy, Air Astana, Samruk-Energy, KEGOC, Tau Ken Samruk, Kazpost
Website	Official website

History

Samruk-Kazyna was established in October 2008 through the merger of two state-owned funds, "Samruk" and "Kazyna", by decree of President Nursultan Nazarbayev. The fund aims to enhance corporate governance and increase the value of national assets.^[2]

The current chairman of the board of directors is Olzhas Bektenov.^[3] Previous leaders include Prime Minister Bakhytzhan Sagintayev and Umirzak Shukeyev. Independent directors have included Sir Richard Harry Evans and Wilhelm Bender.^[4]

The fund initially consolidated five national companies, later expanding to include 22 entities across energy, transport, and infrastructure sectors. By 2014, it managed 576 subsidiaries and associated companies.^[5]

Samruk-Kazyna is a member of the International Forum of Sovereign Wealth Funds (IFSWF) and adheres to the Santiago Principles, a global standard for sovereign wealth fund governance.^[6][7]

Subsidiaries

Samruk-Kazyna holds significant stakes in key Kazakhstani enterprises, including:

• KazMunayGas (67.42%)
• KEGOC (85%)
• Kazakhtelecom (79.24%)
• Kazpost (100%)
• Air Astana (41%)
• Kazatomprom (75%)
• Kazakhstan Temir Zholy (100%)
• Samruk-Energy (100%)

A full list is maintained on the fund’s official website.

Privatization

The fund has pursued privatization initiatives to attract foreign investment and promote a market-based economy.^[8]

See also

• WikiBilim Public Foundation