The Government of the Republic of Kazakhstan is the Sole Shareholder of Baiterek National Managing Holding JSC.

The Holding’s Board of Directors consists of the government officials, the Chairman of the Board, independent directors, and other individuals.

The Management Board includes the Chairman of the Management Board, his deputies, and other individuals.


Corporate Structure
of Baiterek National Management Holding JSC
As of May 26, 2022, the Holding has 120 employees.

Corporate secretary service
Anti-corruption compliance service
Office of the Chairman of the Board
The Board of Directors
Internal audit service
Chairman of the Board
Centralized Procurement Control Service
HR Department
Deputy Chairman of the Board
The First Deputy Chairman of the Board
Deputy Chairman of the Board
Deputy Chairman of the Board
Managing Director
Managing Director
Managing Director
Agricultural Assets Management Department
Asset Management Department
Department of International Cooperation
Project Management Department
Department of Strategy and Corporate Development
Corporate Finance Department
Risk Management Department
Department of Legal Support
Department of Economics and Budget Planning
Operations Department
Department of Information Technology
Accounting and Reporting Department
Service for the state secrets protection

Subsidiaries
of the holding

The Holding has been owning the following subsidiaries:

Development Bank of Kazakhstan JSC, JSC Export Insurance Company "KazakhExport", JSC Kazyna Capital Management 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 concessional financing through 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.

The Agrarian Credit Corporation JSC contributes to the sustainable development of the agro-industrial complex by financing large, medium-sized and small businesses in rural areas. The KazAgroFinance JSC, which provides high-quality and competitive leasing services, supplies technical equipment to the country's agro-industrial enterprises.

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

“Kazyna Capital Management” JSC
the “Housing Construction Savings Bank of Kazakhstan” JSC
 "Аgrarian credit Corporation" JSC
"KazAgroFinance" JSC
 “Damu” Entrepreneurship Development Fund” JSC
“Kazakhstan Housing Company” JSC
“KazakhExport” Export Insurance Company” JSC
the “Development Bank of Kazakhstan” JSC
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