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Some new appointments made in Kazakh National Welfare Fund

Kazakhstan Materials 10 February 2012 13:03 (UTC +04:00)

Azerbaijan, Baku, Feb. 10 / Trend E. Kosolapova/

The Kazakh government made some new appointments in the Kazakh National Welfare Fund Samruk-Kazyna, the fund reported on Friday.

According to the government's decision, Kazakh Minister of Economic Development and Trade Bakytzhan Sagintayev was elected to the Board of Directors of Samruk-Kazyna.

Moreover, Deputy Head of Presidential Administration Bakhyt Sultanov, Deputy Prime Minister Kairat Kelimbetov and Minister of Industry and New Technologies Asset Isekeshev were reelected to the Samruk-Kazyna Board of Directors.

Corporate Secretary of Samruk-Kazyna Gabidulla Abdrakhimov was replaced by Head Prime-Minister's Office Erlan Koshanov.

National Welfare Fund Samruk-Kazyna is a joint stock company in Kazakhstan, which wholly or 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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