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Bakytzhan Sagintayev holds a meeting of the Board of Directors of NMH Baiterek JSC

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Today in Ukimet Uyi, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev chaired a regular meeting of the Board of Directors of the Joint Stock Company ‘National Managing Holding Baiterek’.

During the meeting, the holding’s annual report for 2017 was approved, including information on the implementation of state and government programs of the Republic of Kazakhstan, financial results, significant events of the holding in the reporting period and the activities of subsidiaries.

NMH Baiterek was created by the Decree of the President of the Republic of Kazakhstan in 2013 in order to optimize the management system of development institutions, financial organizations and the development of the national economy. The holding unites 11 subsidiary companies under its supervision.

The Board of Directors also approved the conclusion of transactions with the Joint-Stock Company Development Bank of Kazakhstan – budgetary loans for financing the projects of the State Program for Industrial and Innovative Development of the Republic of Kazakhstan for 2015-2019, as well as for leasing of buses, tractors and combines in support of domestic producers.

In addition, the Board of Directors approved reports on the implementation of the Holding’s development plan and the annual budget for the year 2017.

Source: Government of the Republic of Kazakhstan

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