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Wednesday, November 25th, 2020

The share of the Funds Group in the economy of Kazakhstan has increased


According to the results of 2018, Samruk-Kazyna JSC and its portfolio companies share in the economy of the Republic of Kazakhstan has increased in 1,2 times comparing to 2017 and amounted to KZT 4 trillion.

At the same time, the Fund has shown an increase in profitability (ROE) at the level of 8.0%, comparing to 6.5% in 2017 and reached the growth rates of international peers, such as Temasek Holdings (Singapore), Future Fund (Australia).

Let us recall that in April 2018, the President of the Republic of Kazakhstan Nursultan Nazarbayev approved a new Development Strategy of the Fund for the years 2018 – 2028, according to which the effective management of the portfolio companies and aligning their performance indicators with the global benchmarks is one of the key objectives and mandates of the Fund. Thus, according to the results of the last year, the Fund’s operating income increased up to the level of 2017 by 35% and amounted to KZT 8.5 trillion. The net profit has increased by 83%, and exceeded KZT 1,1 trillion. The amount of the paid taxes into the budget of the Republic of Kazakhstan increased up to 38,8 % (more than KZT 1 trillion).

Source: Samruk-Kazyna