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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

Mamin Askar Uzakpaevich

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

Sklyar Roman Vasilevich

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

Atamkulov Beibut Bakirovich

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

Arifkhanov Aidar Abdrazakhovich

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

Mukhamejanov Adil Bektasovich

Deputy Chairman of the Management Board

Khamitov Yersain Yerbulatovich

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

Zhanke Timur Amantayuly

Chief Construction Officer, member of the Board

Dzhuanyshbayeva Aigul Kenesbekovna

Managing Director for Monitoring Agro-Industrial projects, Member of the Management Board

Akrachkova Dina Viktorovna

Chief of Administrative Office

Son Vyacheslav Vladimirovich

Managing Director for Legal Affairs

Daribayev Murat Amankeldievich

Managing Director for Agricultural Asset Management

Shamshin Arman Nurzhanovich

Managing Director for Government Relations, Asset Management

Subsidiaries

of the holding

Since June 2021, Baiterek Holding has been owning the following subsidiaries:

Development Bank of Kazakhstan JSC, JSC Export Insurance Company "KazakhExport", JSC Kazyna Capital Management and Investment Fund of Kazakhstan JSC provide support to large enterprises in the form of debt and equity financing, insurance of export operations, leasing financing, and providing support to non-resource exporters.

Damu Entrepreneurship Development Fund JSC provides support for small and medium-sized businesses by subsidizing the interest rate, guaranteeing loans, and placing funds in second-tier banks.

Otbasy Bank JSC and Kazakhstan Housing Company JSC are focused on increasing the financial affordability of housing by developing financing, mortgages, subsidies, and rental housing.

Agrarian Credit Corporation JSC contributes to the sustainable development of the country's agro-industrial complex (AIC). KazAgroFinance JSC provides the agro-industrial complex with technical equipment and high-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.

Since June 2021, Kazakhstan Project Preparation Fund LLP (provides consulting support to projects, including those implemented through the PPP mechanism) and QazTech Ventures JSC (contributes to the development of technological entrepreneurship through venture financing, business incubation, and technological consulting) were transferred to Kazyna Capital Management JSC as separate funds.

It is planned to reduce the number of portfolio companies to 7 and adjust the number of employees.

"Fund for financial support of agriculture" JSC

“Damu” Entrepreneurship Development Fund” JSC

“KazakhExport” Export Insurance Company” JSC

the “Development Bank of Kazakhstan” JSC

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