How Baiterek Holding works with the Government

Baiterek Holding

is closely connected with the Government of the Republic of Kazakhstan, which is the sole shareholder and participates management.

Investors and partners of Holding can be sure that they are financing projects which are aligned with the national priorities and policy. Baiterek simplifies investor-Government relations using efficient established coaction. .

Baiterek Holding simplifies investor-Government relations using efficient established coaction.

Information about Baiterek Holding

“Baiterek” National Managing Holding JSC (hereinafter referred to as “Baiterek” NMH” JSC, Baiterek Holding, Holding) is the key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures the implementation of objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovations, exports development, increase in labor productivity.

The sole shareholder of “Baiterek” NMH” JSC is the Government of the Republic of Kazakhstan.

Baiterek Holding is an integrated development institution that includes 9 subsidiaries: 8 joint stock companies with 100% participation of the Holding ("Development Bank of Kazakhstan" JSC, "Housing Construction Savings Bank "Otbasy bank" JSC, "Damu" FRP" JSC, "QazTechVentures" JSC, "Kazakhstan Mortgage Company" JSC, "Investment Fund of Kazakhstan" JSC, "Kazakh Export" JSC, "Kazyna Capital Management" JSC) and one limited liability partnership with 97 -percentage participation ("Kazakhstan Project Preparation Fund" LLP), 4 organizations of the 3rd level: "IDF" JSC, "Engineering and Technology Transfer Center" JSC, "Baiterek Venture Fund" JSC and "BV Management" LLP.

On the instructions of the Head of State, on the basis of Kazakhstan Mortgage Company JSC, a single operator of housing construction was created by merging subsidiaries of the Holding - Baiterek Development JSC and Housing Construction Guarantee Fund JSC. He will work exclusively with private developers and local executive bodies, performing the functions of three organizations.

At the same time, within the framework of the instrument of direct investment in company capital, the Holding has various ownership interests in 48 companies.

The mission of “Baiterek” NMH JSC is contribution to the sustainable economic development of the Republic of Kazakhstan to implement the public policy and achieve the goals set out by the Strategy - 2050.

Strategic directions of the activities:

  • Support for entrepreneurship in the segment of large-sized businesses;
  • Support for entrepreneurship in the SME segment;
  • Increase in housing affordability;
  • Increase in export potential;
  • Transfer and introduction of innovations.

Baiterek Holding is the key operator in the implementation of the following state and government programs:

The Plan of the Nation - “100 Concrete Steps”

The state program of industrial and innovative development of the Republic of Kazakhstan for 2020 - 2025

“Business Roadmap 2025” State Program for Entrepreneurs Support

State program for the development of productive employment and mass entrepreneurship for 2017 - 2021 "Enbek"

The program "National Export Strategy of the Republic of Kazakhstan"

“Nurly Zher” State Housing Construction Program

State program "Digital Kazakhstan"

Board
of Directors
Askar Mamin

Chairman of the Board of Directors, Prime Minister of the Republic of Kazakhstan

Suleimenov Timur Muratovich

Member of the Board of Directors, Deputy Head of the Administration of the President of the Republic of Kazakhstan

Roman Sklyar

Member of the Board of Directors, Deputy Prime Minister of the Republic of Kazakhstan

Zhamaubaev Yerulan Kenzhebekovich

Member of the Board of Directors, Minister of Finance of the Republic of Kazakhstan

Beibut Atamkulov

Member of the Board of Directors, Minister of Industry and Infrastructure Development of the Republic of Kazakhstan

Irgaliyev Asset Armanovich

Member of the Board of Directors, Minister of National Economy of the Republic of Kazakhstan

Aidar Arifkhanov

Member of the Board of Directors, Chairman of the Management Board of "Baiterek" NMH" JSC

Klaus Mangold

Member of the Board of Directors, independent Director

Thomas Mirow

Member of the Board of Directors, independent Director

Philip Yeo

Member of the Board of Directors, independent Director

Management
Arifkhanov Aidar Abdrazakhovich

Chief Executive Officer

Izbastin Kanysh Temirtayevich

First Deputy Chairman of the Management Board

Omarkhojayev Anuar Sagynaliyevich

Deputy Chief Executive Officer

Karagoishin Rustam

Deputy Chief Executive Officer

Khamitov Yersain Yerbulatovich

Managing Director for Economics, Accounting and Reporting, Treasury, Corporate Finance, Member of the Management Board

Zhanke Timur

Chief Construction Officer, member of the Board

Akrachkova Dina Viktorovna

Chief of Administrative Office

Nurgozhin Adil Yergaliuly

Managing Director for Project Financing and International Cooperation, Development of Innovative Projects and Implementation of Information Technologies

Son Vyacheslav Vladimirovich

Managing Director for Legal Affairs

Shamshin Arman Nurzhanovich

Managing Director for Government Relations, Asset Management

Subsidiaries
of the holding

The following subsidiaries have been operating within the Holding since March 16, 2021:

By supporting large enterprises, Development Bank of Kazakhstan JSC", JSC "Export Insurance Company" KazakhExport ", JSC "Kazyna Capital Management"LLP "Kazakhstan Project Preparation Fund" and JSC "Investment Fund of Kazakhstan" provide such support instruments as debt and equity financing, insurance of export operations, lease financing and consulting support for the structuring and support of projects, including the projects implemented under the PPP mechanism.

For small and medium businesses - JSC "Entrepreneurship Development Fund" Damu " provides three instruments of support - subsidizing interest rates, guaranteeing loans and conditional placement of funds in second-tier banks.

Development Bank of Kazakhstan and KazakhExport support non-commodity exporters, and QazTech Ventures as a fund of funds, promotes the development of technology entrepreneurship through venture financing, business incubation and technology consulting instruments.

“House Construction Savings Bank “Otbasy Bank” JSC (“Otbasy Bank” JSC) and “Kazakhstan Housing Company” JSC  intend to make housing more affordable by developing financing, mortgage lending, subsidies and rental housing.

In pursuance of paragraph 52 of the National Action Plan for the implementation of the Address of the Head of State to the people of Kazakhstan dated September 1, 2020 "Kazakhstan in a new reality: time for action", measures were taken to create a single development institution by joining the KazAgro holding to the Baiterek holding. In this regard, the Baiterek holding, retaining all its functions, included three subsidiaries.

Thus, "Agrarian Credit Corporation" JSC contributes to the sustainable development of the country's agro-industrial complex (AIC). The technical equipment of the agro-industrial complex of the country is assisted by "KazAgroFinance" JSC, which provides quality and competitive leasing services. "Fund for Financial Support of Agriculture" JSC finances small businesses in order to develop priority areas of the agro-industrial complex and increase the level of employment.

We note that it is planned to further reduce portfolio companies to 7 with a subsequent adjustment of the staffing level.

“Kazyna Capital Management” JSC
“Kazakhstan Project Preparation Fund” LLP
The “Housing Construction Savings Bank of Kazakhstan” JSC
 “Damu” Entrepreneurship Development Fund” JSC
the “Investment Fund of Kazakhstan” JSC
“Kazakhstan Housing Company” JSC
“KazakhExport” Export Insurance Company” JSC
the “Development Bank of Kazakhstan” JSC
QazTech Ventures
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