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New appointments made in Kazakh National Welfare Fund management

Business Materials 1 February 2012 18:03 (UTC +04:00)
New managing directors appointed in the Kazakh National Welfare Fund Samruk-Kazyna
New appointments made in Kazakh National Welfare Fund management

Azerbaijan, Baku, Feb. 1 / Trend E. Kosolapova/

New managing directors appointed in the Kazakh National Welfare Fund Samruk-Kazyna, the Fund reported on Wednesday.

Chairman of the Board of Samruk-Kazyna Umirzak Shukeev appointed Kuanysh Bektemirov and Daniyar Abulgazin to the posts of managing directors in the fund.

Former managing director of the fund Almasadam Satkaliev was earlier appointed to the post of Samruk-Energy Chairman of the Board. Another managing director of the fund Daniyar Abulgazin was dismissed from this post in accordance with the submitted application.

National Welfare Fund Samruk-Kazyna is a joint stock company in Kazakhstan, which wholly of partially owns many important companies in the country. The state is the only shareholder of the Fund. Samruk-Kazyna controls the assets worth $78 billion, or nearly 56 percent of Kazakh GDP.

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