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:
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.
Betting company 1XBET
In 2016, the 1XBET betting company began its activity in the Kazakhstan market and has been a leader in the betting industry for more than five years.
The company is constantly developing its product and constantly improving the entertainment experience of its customers. 1XBET also enhances the quality of the services provided to clients, thereby approaching the main goal of becoming one of the best betting companies in all respects.
The company's key goal is to develop the country's sports sector and support Kazakh athletes. Today, 1XBET positions itself as the chief sponsor of sports emotions; 1X has already had a few successful projects, activities, and collaborations with ambassadors, including eminent athletes and artists.