The Government of the Republic of Kazakhstan is the Sole Shareholder of the Joint Stock Company National Managing Holding Baiterek.The share of the state in the share capital stock is represented by the Ministry of Investment and Development of the Republic of Kazakhstan.

The Management Board consists of the representatives of the Government of the Republic of Kazakhstan, the management of "Baiterek" Holding and independent specialists.

Corporate Structure
National Management Holding “Baiterek” JSC

Corporate secretary service
Board of Directors
Internal audit service
Chairman of the Board
A centralized service for control over procurement
Government secrets protection service
Managing Director
Compliance service
Deputy Charman of the Board
Managing Director– Member of the Management
Managing Director
Press Service
Deputy Charman of the Board
Managing Director– Member of the Management
Managing Director
The first deputy CEO
Managing Director– Member of the Management
Managing Director
Human Resource Management Department
Chief of Stuff
Department for Agricultural Assets Management
Asset management department
Department for Housing and Construction Assets Management
Department of project Finance and Investor Relations
Department of Strategy and Analytics
Corporate finance department
Department for Project Monitoring
Legal support department
Department for Risk Management
Operating activities department
Department of economy and budjet planning
Accounting and reporting department
Information technology department
Treasury department
Document support service

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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