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Baiterek Holding offers a range of investment products to the world's most impressive and forward-looking investors.
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Baiterek Holding offers a range of investment products to the world's most impressive and forward-looking investors.
In 2021, the management of Baiterek NMH JSC and its subsidiaries conducted 59 meetings with foreign partners and companies were held, and Baiterek Holding and its subsidiaries participated in 20 international events. Due to the COVID-19 worldwide pandemic, 13 meetings and 12 events were held online.
In 2021, Baiterek Holding and its subsidiaries signed 28 agreements and memorandums with foreign financial institutions, banks, and companies.
18 visits to foreign countries were organized for the management of Baiterek NMH JSC and subsidiaries, including within the framework of the visits of the Head of State, the Prime Minister of the Republic of Kazakhstan and at the invitation of foreign partners:
On March 10-16, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov visited Abu Dhabi and Dubai as a member of the official delegation accompanying the Prime Minister of the Republic of Kazakhstan A. Mamin to the United Arab Emirates (hereinafter – UAE). During the visit, transaction documents, including the Agreement on Settlement of Investment Dispute between the Stakeholders and the Agreement of Sale and Purchase of Ownership Interest of “MIC Capital Management 22 RSC Ltd” (subsidiary of Mubadala Investment Company Investment Fund), “KIF Warehouses Cooperatief U.A.” (Kazyna Capital Management) in favor of Kazakhstan Temir Zholy Joint-Stock Company were signed.
On March 16-17, 2021 – Chief Executive Officer of KazakhExport R. Iskakov participated in the Plenary Session of the Kazakhstan-Tajikistan Intergovernmental Commission (hereinafter – IGC) chaired by the Deputy Prime Minister of the Republic of Kazakhstan R. Sklyar in Dushanbe (Republic of Tajikistan).
On April 29, 2021 – Deputy Chairman of the Management Board of Baiterek Holding A. Omarkhojayev participated and gave a speech at the round table as part of the 14th meeting of the Kazakh-French IGC in Paris (French Republic).
On June 1-5, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov visited St. Petersburg (Russian Federation) to participate in the St._Petersburg International Economic Forum – 2021. During the Forum, the Memorandum of Understanding and Cooperation between Baiterek Holding and the leading Russian state corporation in housing finance called DOM.RF (hereinafter – DOM.RF) was signed. Mr. A. Arifkhanov also met with Executive the Director of Goldman Sachs G. Goncharov, and the General Director of ACRA Rating Agency M. Sukhov.
On July 4, 2021 – Department Director A. Tazhikenov, participated in the Round Table in Madrid, the Kingdom of Spain, with representatives of major financial companies in Spain, with the participation of Deputy Prime Minister of the Republic of Kazakhstan M. Tileuberdi.
On July 28-30, 2021 – Deputy Chief Executive Officer of Damu Fund F. Sarsekeyev participated in the XII International Investment Summit “Russia-Islamic world: KazanSummit 2021” in Kazan (Russian Federation).
On August 15-19, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov, Chief Executive Officer of Damu Fund G. Buribayeva, Chief Executive Officer of Kazakhstan Housing Company Joint-Stock Company (hereinafter – Kazakhstan Housing Company) R. Issayev participated in the Kazakh-Korean Round Table in Seoul during the visit of the President of the Republic of Kazakhstan K. Tokayev to the Republic of Korea. During the visit, the Agreement between Baiterek Holding, Kazakhstan Housing Company and KHUG Korea Housing and Urban Guarantee Corporation was signed.
On August 21-23, 2021 – Deputy Chairman of the Management Board of Baiterek Holding A. Mukhamejanov attended the meeting of the Kazakh-Qatari Business Council as part of the visit of the First Deputy Prime Minister – Minister of Finance of the Republic of Kazakhstan A. Smailov to Doha (State of Qatar).
On October 2-8, 2021 – the 6th meeting of the Kazakhstan-Spain Business Council was held in Madrid (Kingdom of Spain). Co-Chairman of the Business Council from the Kazakh side – Chairman of the Management Board of Baiterek Holding A. Arifkhanov. The event included 3 meetings between Chairman of the Management Board of Baiterek Holding A. Arifkhanov and Chairman of the State Spanish Company for Export Credit Insurance CESCE Fernando Salazar (together with Deputy Minister of Trade and Integration K. Torebayev), President of the Spanish Company MAXAM Jose Manuel Vargas, President of Ajusa Company Jose Manuel Martinez.
Chairman of the Management Board of Baiterek Holding A. Arifkhanov also visited the new waste processing plant of Bianna Recycling Company (Madrid) with the assistance and participation of President of Anka Group Company Daniel Anka.
On October 4-6, 2021 – Managing Director of Baiterek Holding M. Daribayev the, the Chief Executive Officer of Development Bank of Kazakhstan A. Sarkulov and the Chief Executive Officer of Agrarian Credit Corporation Joint-Stock Company (hereinafter – Agrarian Credit Corporation) K. Zhauymbayev participated in the Kazakh-Polish Business Forum in Warsaw (Republic of Poland). Baiterek Holding Managing Director also gave a speech the forum. The event included meetings of Managing Director of Baiterek Holding M. Daribayev with representatives of Polish National Center for Agricultural Support (KOWR) and President of the Management Board of the Polish Agency for Enterprise Development (PARP) Mikolaj Różycki.
On October 21, 2021 – Managing Director and member of the Management Board of Baiterek Holding E. Khamitov attended the conference on the occasion of the 10th anniversary of Export Insurance Agency of Russia EXIAR Joint-Stock Company in Moscow (Russian Federation).
On October 28-29, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov attended the Kazakh-British Business Council and Round Table in London (Great Britain).
On November 2-6, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov visited Washington, Omaha, Sioux City and Dakota Dunes (USA) for negotiations with the management of Tyson Food and Valmont Industries, leading American agricultural companies.
On November 29-30, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov attended the Kazakh-Swiss Round Table with Swiss business community during the official visit of the Head of State in Geneva (Swiss Confederation).
On December 1, 2021 – Chairman of the Management Board of Baiterek Holding A. Arifkhanov participated and Deputy Chairman of the Management Board of Baiterek Holding A. Mukhamejanov gave a speech in Kazakhstan Trade and Investment Forum, dedicated to the National Day of the Republic of Kazakhstan with participation of the Prime Minister of the Republic of Kazakhstan A. Mamin, at the World Exhibition EXPO-2020 in Dubai (UAE). The event included the meeting between Deputy Chairman of the Management Board of Baiterek Holding A. Mukhamejanov, Chief Executive Officer of Kazyna Capital Management A._Kuatova with Managing Director of Mubadala Investment Company Abdulla Almarzuki and Manager of Verno Capital Rolland Nash.
On December 2, 2021 – Managing Director and member of the Management Board of Baiterek Holding E. Khamitov participated in the Second Eurasian Congress of the Eurasian Development Bank in Moscow (Russian Federation).
The role of Baiterek Holding National Managing Holding Joint-Stock Company in attracting foreign investment in the economy of the Republic of Kazakhstan through international cooperation for 2021:
In 2021, Baiterek Holding subsidiaries worked on concluding four contracts aimed at attracting investment of 349.8 million US dollars
1. Sub-Loan Agreement worth 217 million US dollars under the General Agreement Development Bank of Kazakhstan Joint-Stock Company (hereinafter – Development Bank of Kazakhstan) and China Development Bank. The Agreement was signed on June 4, 2021 to finance the investment project “Construction and Operation of Primary Gold-Bearing Ores Processing Facility with Annual Capacity of 5 Million Tons” of RG Processing Limited Liability Partnership (hereinafter – LLP), RG Gold LLP. As of January 1, 2022, the agreement is under execution, disbursement has not begun.
2. First amended and restated limited partnership agreement concerning Da Vinci Emerging Technologies-Fund III LP between Kazyna Capital Management Joint-Stock Company (hereinafter – Kazyna Capital Management) and German Investment Corporation (DEG) was signed on June 30, 2021. The liabilities of Kazyna Capital Management amount to 10 million US dollars. As of January 1, 2022, the agreement is under execution, disbursement has not begun.
3. Memorandum of Understanding and Cooperation between Damu Fund and Austrian Control Bank (OeKV). The Memorandum was signed on September 9, 2021 to express the readiness to lend 22.8 million US dollars (20 million euros) to Damu Fund. To continue working on the Loan Agreement, the Austrian side is searching of financial intermediary.
4. Term Sheet of participation in ADQ – KCM Venture Capital Fund between Kazyna Capital Management and Abu Dhabi Developmental Holding Company (hereinafter – ADQ) signed on October 10, 2021 in the Emirate of Abu Dhabi. The size of Fund is 100 million US dollars with the parties on a parity basis.
Herewith, ADQ has also requested a Non-Disclosure Agreement (NDA) with Kazyna Capital Management before agreeing to the Partnership Agreement, which is scheduled to be signed in 2022.
The focus of the Fund’s investments are projects in the “Pre-/Seed” and “Round A/B/C” phases, as well as high growth companies.
The Fund’s target industries will be financial technology (FinTech), agricultural technology (AgroTech), healthcare technology (HealthTech), educational technology (EdTech), business-to-business/business-to-consumer technology (B2B/B2C), information technology (IT), BigData, artificial intelligence (AI), digital transformation and platform solutions.
5. Moreover, in 2021, Stewart Engineers, Inc withdrawal from Orda Glass LLP project was successfully resolved.
Following the meetings in 2021 between Baiterek Holding, Development Bank of Kazakhstan, Orda Glass Ltd., King Charm Development (hereinafter – KCDL, the first member of the Partnership) and other stakeholders to discuss current issues on the project implementation, the Agreement on the Terms of Loan Repayment Before the Maturity Date between Development Bank of Kazakhstan, Orda Glass Ltd. and KCDL was signed on July 29, 2021.
In addition, on September 22, 2021, the Settlement Agreement signed between KCDL, Stewart Engineers, Inc (the second member of the Partnership) and Orda Glass Ltd. LLP providing for the terms of Stewart Engineers, Inc withdrawal from the project purchasing Stewart Engineers, Inc’s 20.29% interest by KCDL.
