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Baiterek and Masraf Al Rayan discuss prospects for the development of Islamic finance

11.11.2020

"Baiterek" holding presented financial instruments for an oil and gas company

"Baiterek" holding presented financial instruments for an oil and gas company

Baiterek holding held a webinar via Zoom and presented its financial instruments to companies operating in the oil and gas sector of Kazakhstan. 

The webinar was attended by about 50 companies in the field of supply of various oil equipment, production of climate equipment, metal structures, workwear, construction materials, components, as well as service and logistics. 

According to Aliya Murzagalieva, Director of the asset management Department of Baiterek holding, companies can receive financial support from the holding's subsidiaries – Kazyna Capital Management, the development Bank of Kazakhstan, the industrial development Fund, the Damu entrepreneurship development Fund and KazakhExport. Participants were introduced to their activities in more detail. 

According to her, the Holding operates on the principle of "one window". First, investors submit a bid through the platform "Digital Chain". After that, depending on the direction of the project, they meet with subsidiaries that provide appropriate support. After the decision of all parties, the project documentation is prepared. This is followed by financing and preparation of the project, which leads to direct implementation. 

Aliya Murzagalieva called on Kazakhstani companies to actively use state support for the implementation of their projects.

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