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Joint Stock Company Sovereign Wealth Fund «Samruk-Kazyna» was founded in accordance with the Decree of President of the Republic of Kazakhstan dated October 13, 2008 № 669 «Оn some measures on competitiveness and sustainability of national economy» and by the Decree of the Government of the Republic of Kazakhstan dated October 17, 2008 № 962 «Оn measures on realization of the Decree of President of the Republic of Kazakhstan № 669»  by merge of two joint stock companies Kazakhstan Holding for the Management of State Assets SAMRUK and KAZYNA Sustainable Development Fund.

Sovereign Wealth Fund «Samruk-Kazyna» is established in order to enhance competitiveness and sustainability of national economy and prevent any potential negative impact of changes in the world markets on economic growth of the country.

The key purpose of “Samruk-Kazyna” is to manage shares (interests) of national development institutions, national companies,  and other legal entities  it owns to maximize their long-term value and competitiveness in the world markets.

Samruk-Kazyna will rely on the following key principles:

  • safeguarding interests of the state as the sole shareholder of Samruk-Kazyna;
  • transparency, efficiency and flexibility of Samruk-Kazyna and Companies;
  • systemic and effective manner of decision-making and execution;
  • commitment and accountability.

Samruk-Kazyna will rely on the following main directions of operation:
  • support to modernization and diversification of national economy;
  • support to economic stabilization in the country;
  • enhancing efficiency of the Companies.
 

The Fund is an operator of funds in the field of physical culture and sports of the Republic of Kazakhstan.

The organization is engaged in the reception, processing and analysis of applications of potential recipients of charity (sponsorship) assistance.



Purposes:

  • Support for professional and amateur sports;
  • Development of youth sports;
  • Popularization and development of mass sports;
  • Attracting sponsors, philanthropists to cooperate to finance projects and programs of the fund.

Operating Principles:
  • Transparency of activities;
  • Efficiency;
  • Social significance;
  • Systemacity.